What is 110% of 500?
Calculate 110% of 500 with a complete step-by-step solution.
Answer:
110% of 500 = 550
Step-by-Step Solution
Step 1
Understand the Problem
We need to find 110% of 500.
The word "percent" means "per hundred" or "out of 100".
So 110% means 110 out of every 100.
Step 2
Convert Percentage to Decimal
To calculate with percentages, we first convert to a decimal.
Divide the percentage by 100:
110 ÷ 100 = 1.1
This means 110% = 1.1
Step 3
Multiply to Find the Result
Now multiply the decimal by the number:
1.1 × 500 = 550
So 110% of 500 = 550
Step 4
Alternative Method
You can also think of it as a fraction:
110% of 500 = (110/100) × 500
= (110 × 500) / 100
= 55000 / 100
= 550