What is 98 percent of 3000000? What is 3000000 plus 98% and 3000000 minus 98%?
98%
of
3000000
=
2940000
3000000
+
98%
=
5940000
3000000
−
98%
=
60000
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Percent formula to figure out percentages:
3000000 ⋅ 98 ÷ 100 = 2940000.
So, we got a discount percentage of 2940000. If the price was 3000000 and a 98% (ie $2940000) discount percentage was deducted from it, then we get the final price $60000. If we add the percentage received to the initial price, we get 5940000 (3000000+2940000). New price is 5940000, as the price has risen 98%.