What is 1.03 percent of 50000 - 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 50000 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 50000 is 100%, so we can write it down as 50000=100%.
4. We know, that x is 1.03% of the output value, so we can write it down as x=1.03%.
5. Now we have two simple equations:
1) 50000=100%
2) x=1.03%
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:
50000/x=100%/1.03%
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 1.03% of 50000

50000/x=100/1.03
(50000/x)*x=(100/1.03)*x       - we multiply both sides of the equation by x
50000=97.087378640777*x       - we divide both sides of the equation by (97.087378640777) to get x
50000/97.087378640777=x
515=x
x=515

now we have:
1.03% of 50000=515