# What is 5% of 1000?

Answer: 50

## Percentage Calculations

To calculate 5% of 1000, convert 5% to a decimal (0.05) and multiply it by 1000. The formula is 0.05×1000=50. This calculation is important in various aspects of life, like calculating a tip at a restaurant or understanding a 5% discount on a product. This skill is particularly useful in budgeting and finance, where small percentages can translate to significant amounts.

## FAQ on Percentages

### What is 10% of 500?

50

### What is 2% of 1000?

20

### What is 7% of 200?

14

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