What is 98 percent of 1240000? What is 1240000 plus 98% and 1240000 minus 98%?
98%
of
1240000
=
1215200
1240000
+
98%
=
2455200
1240000
−
98%
=
24800
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Percent formula to figure out percentages:
1240000 ⋅ 98 ÷ 100 = 1215200.
So, we got a discount percentage of 1215200. If the price was 1240000 and a 98% (ie $1215200) discount percentage was deducted from it, then we get the final price $24800. If we add the percentage received to the initial price, we get 2455200 (1240000+1215200). New price is 2455200, as the price has risen 98%.