Understanding Percentages

The video tutorial explains how to calculate 1% of a number using the formula 'is over of equals percent over 100'. It guides the viewer through setting up the equation, defining variables, and solving for X using cross-multiplication. The tutorial concludes with the final calculation and a brief explanation of moving the decimal point to find the answer.

What is the purpose of using the formula 'is over of equals percent over 100'?

• To find the percentage of a number

• To calculate the average of two numbers

• To convert a fraction to a decimal

• To determine the square root of a number

In the formula 'is over of equals percent over 100', what does the 'is' represent?

• The total amount

• The percentage

• The number 100

• The unknown value

What is the first step in solving the equation 100x = 1?

• Add 100 to both sides

• Subtract 1 from both sides

• Cross-multiply

• Divide both sides by 100

When dividing by 100, how many places do you move the decimal point?

• Three places to the right

• Two places to the left

• Four places to the left

• One place to the right

What is the final result of finding 1% of 1 using the given method?

• 10

• 1

• 0.1

• 0.01