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No. 50 percent would be half, therefore 50 percent of 1 would be .5 . However, .50 percent of 1 would be .005, because .50 would be equal to 1 200th.
It is 005 percent!
005 is not equal to 5 %; 0.05 is. 0.05 = 5/100 and "/100" is the same as "per cent".
005% = 5% which, as a decimal is 0.05
0.005 in percent = 0.5%