Now, let me tell you, when folks ask about what is 5 of $50, they usually mean what’s 5% of $50. So, first thing we gotta understand is this “percent” thing. Percent just means parts of a hundred, so 5% means 5 out of 100. Now, we ain’t got 100 dollars here, we got 50 dollars, so we gotta figure out how much is 5% of that $50.
To keep things simple, here’s how you can do it. You take that 5% and turn it into a number you can work with. So, you put that 5 over 100, kinda like this: 5/100. Then, you multiply it by 50 ’cause we wanna know what 5% of 50 dollars is. So, it goes like this:
5% of $50 = 5/100 × 50
If you do the math, 5 divided by 100 gives you 0.05. Then you take that 0.05 and multiply it by 50. Now, 0.05 times 50 is 2.5, so the answer is $2.50. So, 5% of $50 is $2.50. Ain’t that simple?
Now, maybe you’re asking, “Why do I need to know that?” Well, it can be handy if you’re out shopping and they say, “Hey, we got 5% off today!” and you’re looking at something that costs $50. You’ll know right away that 5% off $50 means you’re saving $2.50. And that means instead of paying $50, you’d only have to pay $47.50. Ain’t that nice?
Or maybe you got yourself a little job, and someone’s paying you based on percentages. Let’s say you worked on a farm, and the farmer says, “I’ll give ya 5% of the profit.” Well, if the profit is $50, then you’re gonna get $2.50. That’s how it works, see? Same math, same answer.
And if you ever wanna figure out other percentages, like 10% or 20%, you just change that 5 to whatever number you want. For example, 10% of $50 would be:
10% of $50 = 10/100 × 50 = 0.10 × 50 = $5.00
Or maybe 20%, that would be:
20% of $50 = 20/100 × 50 = 0.20 × 50 = $10.00
So, you see how easy it is? Once you understand how to do the math, you can figure out any percentage of any amount. Just take the percent, divide it by 100, and then multiply it by the number you’re working with. For $50, we know now that 5% is $2.50, 10% is $5.00, and 20% is $10.00. Easy as pie, ain’t it?
And don’t forget, this works for any amount, not just $50. If you got a different number, say $100, you just do the same thing. Let’s say you want 5% of $100, it goes like this:
5% of $100 = 5/100 × 100 = $5.00
So, 5% of $100 is $5. You just follow the same steps every time. It’s good to know, especially when you’re out shopping, working, or even when you’re trying to figure out how much you’re gonna save on a discount. That way, you’ll always know what you’re dealing with when it comes to money.
Now, next time somebody asks you, “What’s 5% of $50?” you can tell them right away, “It’s $2.50.” And you’ll look real smart doing it!
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