It is: 1/20% or 0.05%
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1000000000/500000 = 2000 (of 500000 in a Billion pounds)
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
500 is 0.1% of 500000.