What Is 1 Percent of 500 + Solution with Free Steps?
The 1 percent of 500 is equal to 5. It can be easily calculated by dividing 1 by 100 and multiplying the answer with 500 to get 5.
The easiest way to get this answer is by solving a simple mathematical problem of percentage. You need to find 1% of 500Â Â for some sale or real-life problem. Divide 1Â by 100, multiply the answer with 500Â , and get the 1% of 500Â Â value in seconds.
This article will explain the full process of finding any percentage value from any given quantity or number with easy and simple steps.
What Is 1 percent of 500?
The 1 percent of 500 is 5.
The percentage can be understood with a simple explanation. Take 500, and divide it into 100 equal parts. The 1Â number of parts from the total 100 parts is called 1 percent, which is 5Â in this example.
How To Calculate 1 percent of 500?
You can find 1 percent of 500Â by some simple mathematical steps explained below.
Step 1
Firstly, depict 1 percent of 500 as a fractional multiple as shown below:
1% x 500
Step 2
The percentage sign % means percent, equivalent to the fraction of 1/100.
Substituting this value in the above formula:
= (1/100) x 500
Step 3
Using the algebraic simplification process, we can arithmetically manipulate the above equation as follows:
= (1 x 500) / 100
= 500 / 100
= 5
This percentage can be represented on a pie chart for visualization. Let us suppose that the whole pie chart represents the 500Â value. Now, we find 1 percent of 500, which is 5. The area occupied by the 5Â value will represent the 1Â percent of the total 500Â value. The remaining region of the pie chart will represent 99 percent of the total 500Â value. The 100% of 500 will cover the whole pie chart as 500Â is the total value.
Any given number or quantity can be represented in percentages to better understand the total quantity. The percentage can be considered a quantity that divides any number into hundred equal parts for better representation of large numbers and understanding.
Percentage scaling or normalization is a very simple and convenient method of representing numbers in relative terms. Such notations find wide application in many industrial sectors where the relative proportions are used.