What is 0.05 percent of 124000 - step by step solution

To get the solution, we are looking for, we need to point out what we know.

1. We assume, that the number 124000 is 100% - because it's the output value of the task.
2. We assume, that x is the value we are looking for.
3. If 124000 is 100%, so we can write it down as 124000=100%.
4. We know, that x is 0.05% of the output value, so we can write it down as x=0.05%.
5. Now we have two simple equations:
1) 124000=100%
2) x=0.05%
where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:
124000/x=100%/0.05%
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for what is 0.05% of 124000

124000/x=100/0.05
(124000/x)*x=(100/0.05)*x       - we multiply both sides of the equation by x
124000=2000*x       - we divide both sides of the equation by (2000) to get x
124000/2000=x
62=x
x=62

now we have:
0.05% of 124000=62