What is 1% of 500?

1% of 500 = 5

How to work it out

1. Convert the percentage to a decimal: 1 ÷ 100 = 0.01
2. Multiply by the number: 0.01 × 500 = 5

500 increased by 1% is 505; decreased by 1% it is 495 (useful for discounts).

Calculate any percentage

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