To find 10 percent of 70,000, you can follow these simple steps:
1. Understand that ‘percent’ means ‘per hundred’. So, 10 percent is the same as 10 per 100 or 10/100.
2. Convert the percentage to a decimal by dividing by 100. Therefore, 10 percent becomes 0.10.
3. Multiply the decimal form of the percentage by the number you want to find the percentage of. In this case, multiply 0.10 by 70,000.
Calculation:
0.10 × 70,000 = 7,000
So, 10 percent of 70,000 is 7,000.