What is 101 percent of 500 - 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 500 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 500 is 100%, so we can write it down as 500=100%.
4. We know, that x is 101% of the output value, so we can write it down as x=101%.
5. Now we have two simple equations:
1) 500=100%
2) x=101%
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:
500/x=100%/101%
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 101% of 500

500/x=100/101
(500/x)*x=(100/101)*x       - we multiply both sides of the equation by x
500=0.990099009901*x       - we divide both sides of the equation by (0.990099009901) to get x
500/0.990099009901=x
505=x
x=505

now we have:
101% of 500=505