An easier way to solve this, is to ask yourself If you need 2 percent of this huge numbers... How many times can you make 2 percent before making 100%. You can do it 50 times.
120,000 ÷ 50 = 2400.
Therefore 2% of 120,000 is 2400.
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2% of 120,000 = 2% * 120000 = 0.02 * 120000 = 2,400
70% of 120,000= 70% * 120000= 0.7 * 120000= 84,000
120000 X 0.03 = 3600
20 ÷ 100 × 120000 = 24000
It is 100*5000/120000 = 4.1666.. %