One quarter of two hundred thousand is fifty thousand.
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Two percent out of one hundred thousand dollars is two thousand dollars.
Yes. 1,200 (one thousand two hundred) = 12 multiplied by 100 or twelve one hundreds. Instead of saying, "one thousand two hundred" people have shortened it by saying, "twelve hundred."
You can write one thousand and two hundred and two dollars as $1,202.00, or as $1,202 if it is to be rounded without showing cents.
You should leave out the "and." One hundred twenty three thousand four hundred two. 123,402
One hundred thousand dollars.