What is 1.0625 percent of 499.99 - 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 499.99 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 499.99 is 100%, so we can write it down as 499.99=100%.
4. We know, that x is 1.0625% of the output value, so we can write it down as x=1.0625%.
5. Now we have two simple equations:
1) 499.99=100%
2) x=1.0625%
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:
499.99/x=100%/1.0625%
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 1.0625% of 499.99

499.99/x=100/1.0625
(499.99/x)*x=(100/1.0625)*x       - we multiply both sides of the equation by x
499.99=94.117647058824*x       - we divide both sides of the equation by (94.117647058824) to get x
499.99/94.117647058824=x
5.31239375=x
x=5.31239375

now we have:
1.0625% of 499.99=5.31239375