$7,000
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1% = 1/100 1% of 125000 = 125000/100 = $1,250 (one thousand two hundred fifty dollars)
One percent of $50,000,000 (fifty million dollars) is $500,000 (five hundred thousand dollars, or half a million dollars).
1% of $30,000 = $300
1 600 000 * 0.6 = 960 000
Five hundred thousand dollars ($500,000).