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1 million = 106;

1% = 1/100 = 10-2; 5% = 5/100 = 5 x 10-2;

106 x (5 x 10-2) = 5 x 104 = 50,000

The easy way is to knock off the last two zeroes and multiply the answer by 5!

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Q: What is 5 percent of a million?
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