What is 5% of $50?
Learn how to calculate 5% of $50 with our step-by-step guide and real-world US examples
Quick Answer
5% of $50 equals $2.5. To calculate this, we convert the percentage to a decimal (5 ÷ 100 = 0.0500) and multiply it by $50.
Visual Representation
The chart shows how $2.5 relates to the total $$50
Step-by-Step Calculation
- 1Convert the percentage to a decimal by dividing by 100: 5 ÷ 100 = 0.0500
- 2Multiply the decimal by the number: 0.0500 × 50 = 2.50
- 3Therefore, 5% of 50 is 2.50
Real-Life Examples
Shopping & Discounts: If a $50 item has a 5% discount, you save $2.50, paying $47.50.
Black Friday Sale: During Black Friday, a $50 product with 5% off costs $47.50 instead.
Tax Calculation: A 5% sales tax on $50 adds $2.50 to your bill, totaling $52.50.
Restaurant Tips: A 5% tip on a $50 bill is $2.50.
Understanding the Formula
The general formula for calculating what a percentage of a dollar amount equals is:
In this case, we're calculating 5% of $50:
- First, divide the percentage by 100: 5 ÷ 100 = 0.0500
- Then, multiply by the amount: 0.0500 × $50 = $2.5
This formula works for any percentage calculation. You can use our calculator above to try different values.
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