Quick Answer for What is 2% of 50 = 1
Follow the Step by Step Calculation of What is 2 Percent of 50:
“What is 2 percent of 50?” We’ll work through this step by step.
Step 1: Understand the Question
First, let’s break down the question. We want to find “2 percent of 50.” “Percent” means per 100, so 2 percent is the same as 2/100.
Step 2: Express the Percentage as a Decimal
To make calculations easier, we need to convert the percentage to a decimal. To do that, we simply divide the percentage by 100. So, 2 percent as a decimal is 2/100 = 0.02.
Step 3: Percent Calculate the Result
Now that we have the percentage as a decimal, we can calculate 2 percent of 50. To do this, we multiply 50 by the decimal representation of the percentage:
2 percent of 50 = 0.02 * 50.
Step 4: Do the Math
Let’s now do the multiplication:
2 percent of 50 = 0.02 * 50 = 1.
Step 5: Interpret the Result
The answer is 5. So, 2% of 50 is 1.
Real-Life Example of What is 2 % of 50:
Imagine you have a store, and you offer a 2 percent discount on a product that costs $50. To calculate the discount, you would follow the steps we just discussed.
Original price: $50
Percentage as a decimal: 2/100 = 0.02
Discount amount: 0.02 * $50 = $1
Therefore, the discount on the product would be $1.