What is 1 Percent of 58000?

What is 1 percent of 58000?

Answer: 1 percent of 58000 is 580. Alternatively, we can say that 580 is equivalent to 1% of 58000.

Solution for What is 1 percent of 58000:

n = 1 percent of 58000

n = 1 % * 58000

n = \frac{1}{100} * 58000

n = \frac{1 * 58000}{100}

n = \frac{58000}{100}

n = 580

Now we have 1% of 58000 = 580. Alternatively, we can express it as 1 percent of 58000 equals 580.

The step-by-step process for finding what is 1 percent of 58000:

The mathematical calculation of 1% of 58000 can be broken down as follows:

1 percent * 58000
Convert this into an equation: (1 / 100) * 58000
Simplify the equation further: (1 * 58000) / 100
Carry out the calculation: 58000 / 100
The final answer is: 580

Thus, we conclude that 1% of 58000 is 580.

Explanation for What is 1% of 58000:

Step 1: **1 percent * 58000**

Think of percent as parts out of 100. So, when we say 1 percent, it's like having 1 parts out of a total of 100. What we want to do now is find out what those 1 parts would be if our total was 58000 instead of 100.

Step 2: **(1 / 100) * 58000**

This is like dividing our 1 parts into 100. It's as if we have 100 pieces of candy and we only want 1 of those pieces. That gives us 0.1 or 1 hundredths. Now we multiply those 1 parts (or 0.1) by 58000 to find out what 1% of 58000 would be.

Step 3: **(1 * 58000) / 100**

This is an alternative calculation. Instead of doing it in two steps like we did before, we can also do it in one step. First, we multiply 1 (our 1 parts) by 58000 (our total amount), and then we divide that by 100.

Step 4: 58000 / 100

The previous step gave us 58000. But remember we were pretending our total was 100? Now we have to divide by 100 to get back to the number for our real total, which is 58000. That's why we divide 58000 by 100.

Step 5: 580

Finally, after dividing 58000 by 100, we arrive at the answer: 580. Hence, we can definitively say that 1% of 58000 equals 580.

This guide aims to simplify the understanding of percentage calculations, focusing on the question "What is 1% of 58000?" Keep practicing with different numbers to hone your skills in percentage calculations. We hope this helps you in your quest for better mathematical understanding.