What is 4.95 percent of 1200000 - 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 1200000 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 1200000 is 100%, so we can write it down as 1200000=100%.
4. We know, that x is 4.95% of the output value, so we can write it down as x=4.95%.
5. Now we have two simple equations:
1) 1200000=100%
2) x=4.95%
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:
1200000/x=100%/4.95%
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 4.95% of 1200000

1200000/x=100/4.95
(1200000/x)*x=(100/4.95)*x       - we multiply both sides of the equation by x
1200000=20.20202020202*x       - we divide both sides of the equation by (20.20202020202) to get x
1200000/20.20202020202=x
59400=x
x=59400

now we have:
4.95% of 1200000=59400