What is 1.13 percent of 62000 - 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 62000 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 62000 is 100%, so we can write it down as 62000=100%.
4. We know, that x is 1.13% of the output value, so we can write it down as x=1.13%.
5. Now we have two simple equations:
1) 62000=100%
2) x=1.13%
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:
62000/x=100%/1.13%
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 1.13% of 62000

62000/x=100/1.13
(62000/x)*x=(100/1.13)*x       - we multiply both sides of the equation by x
62000=88.495575221239*x       - we divide both sides of the equation by (88.495575221239) to get x
62000/88.495575221239=x
700.6=x
x=700.6

now we have:
1.13% of 62000=700.6