20% of 500,000 is 100,000.
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20%
It is: 1/20% or 0.05%
3 percent of 500000 =150003% of 500000= 3% * 500000= 0.03 * 500000= 15000
1 percent of 500000 = 5000 1% of 500000 = 1% * 500000 = 1%/100% * 500000 = 5000
1 percent = 500000 divived by 100 = 5000