What is 5% of 120 000?
Calculating 5% of 120 000 can be done in a few different ways. The easiest way is to divide the number by 100 and then multiply it by 5, which would give you the answer of 6000. Another way to calculate this amount is to use long division or a calculator, dividing 120 000 by 20, which also gives you an answer of 6000.
You can also do the calculation using percentages by converting 5% into its decimal form: 0.05. Then you take that number and multiply it with the 120 000 which again gives you an answer of 6000.
It’s important to note that when calculating percentages, it is essential to remember the order in which you carry out operations – either divide by 100 first or convert into decimal form before multiplying. Doing otherwise will result in incorrect answers.