What is 92 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 92% of the output value, so we can write it down as x=92%.
5. Now we have two simple equations:
1) 550000=100%
2) x=92%
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%/92%
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 92% of 550000

550000/x=100/92
(550000/x)*x=(100/92)*x       - we multiply both sides of the equation by x
550000=1.0869565217391*x       - we divide both sides of the equation by (1.0869565217391) to get x
550000/1.0869565217391=x
506000=x
x=506000

now we have:
92% of 550000=506000