What is 103 percent of 1500000 - 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 1500000 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 1500000 is 100%, so we can write it down as 1500000=100%.
4. We know, that x is 103% of the output value, so we can write it down as x=103%.
5. Now we have two simple equations:
1) 1500000=100%
2) x=103%
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:
1500000/x=100%/103%
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 103% of 1500000

1500000/x=100/103
(1500000/x)*x=(100/103)*x       - we multiply both sides of the equation by x
1500000=0.97087378640777*x       - we divide both sides of the equation by (0.97087378640777) to get x
1500000/0.97087378640777=x
1545000=x
x=1545000

now we have:
103% of 1500000=1545000