What is 124 percent of 550 - 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 550 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 550 is 100%, so we can write it down as 550=100%.
4. We know, that x is 124% of the output value, so we can write it down as x=124%.
5. Now we have two simple equations:
1) 550=100%
2) x=124%
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:
550/x=100%/124%
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 124% of 550

550/x=100/124
(550/x)*x=(100/124)*x       - we multiply both sides of the equation by x
550=0.80645161290323*x       - we divide both sides of the equation by (0.80645161290323) to get x
550/0.80645161290323=x
682=x
x=682

now we have:
124% of 550=682