$50,000 is 0.881 % of $5,670,000
Solution:
We have to find what percentage is $50,000 of $5,670,000
Let "x" be the required percentage
Then, by given, we can say,
"x" percent of 5,670,000 is 50000
Here, "of" means multiplication
So the statement goes like this:
"x" percent multiplied with 5,670,000 is equal to 50000
Thus finally the expression becomes:
[tex]x \% \times 5670000 = 50000\\\\\frac{x}{100} \times 5670000 = 50000\\\\\text{Simplify the above expression }\\\\56700x = 50000\\\\567x = 500\\\\x = 0.881[/tex]
Thus $50,000 is 0.881 % of $5,670,000