"Percent" means "hundredths", so you calculate this as (0.05/100) x 1000.
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.005= .5%
One half of a percent as a decimal is expressed as .005 Percent is out of 100 or 1 in most cases. 99 cents equal 1 dollar, so one HALF of ONE percent is .005 because one out of 100 = .01 so half of that would be .005 because .005 + .005 = .01
.005
point five percent = .005
two percent of 1000 = = 20%2% of 1000= 2% * 1000= 2%/100% * 1000= 20%