As a fraction it is 50/1000 or 1/20 in its simplest form
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Yes. 1km is equal to 1000 meters. So yes 50 meters is less than 1 km (1000m).
1km
1km = 1000m2.5km x 1000m/1km = 2500m
0.245km 1km=1000m 0.245km 1km=1000m
1km = 1000m 4924m x 1km/1000m = 4.924km