What is 5.5 percent of 700000 - 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 700000 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 700000 is 100%, so we can write it down as 700000=100%.
4. We know, that x is 5.5% of the output value, so we can write it down as x=5.5%.
5. Now we have two simple equations:
1) 700000=100%
2) x=5.5%
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:
700000/x=100%/5.5%
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 5.5% of 700000

700000/x=100/5.5
(700000/x)*x=(100/5.5)*x       - we multiply both sides of the equation by x
700000=18.181818181818*x       - we divide both sides of the equation by (18.181818181818) to get x
700000/18.181818181818=x
38500=x
x=38500

now we have:
5.5% of 700000=38500