Divide the number by 100 and then half it. So to find 0.5 percent of 1000 you would, divide 1000 by 100 getting 10 and then half it getting 5.
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0.05 percent = 5 hundredths percent
50%
NO
1 is less than 5 or did you mean .05 percent or even .5 percent? then yes 1 is greater than those.
500.00(0.05) = 25, to the justified number of significant digits.