What is 1.18 percent of 267000 - 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 267000 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 267000 is 100%, so we can write it down as 267000=100%.
4. We know, that x is 1.18% of the output value, so we can write it down as x=1.18%.
5. Now we have two simple equations:
1) 267000=100%
2) x=1.18%
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:
267000/x=100%/1.18%
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 1.18% of 267000

267000/x=100/1.18
(267000/x)*x=(100/1.18)*x       - we multiply both sides of the equation by x
267000=84.745762711864*x       - we divide both sides of the equation by (84.745762711864) to get x
267000/84.745762711864=x
3150.6=x
x=3150.6

now we have:
1.18% of 267000=3150.6