What is 62 percent of 550000 - 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 550000 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 550000 is 100%, so we can write it down as 550000=100%.
4. We know, that x is 62% of the output value, so we can write it down as x=62%.
5. Now we have two simple equations:
1) 550000=100%
2) x=62%
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:
550000/x=100%/62%
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 62% of 550000

550000/x=100/62
(550000/x)*x=(100/62)*x       - we multiply both sides of the equation by x
550000=1.6129032258065*x       - we divide both sides of the equation by (1.6129032258065) to get x
550000/1.6129032258065=x
341000=x
x=341000

now we have:
62% of 550000=341000