What is 98 percent of 480000? What is 480000 plus 98% and 480000 minus 98%?
98%
of
480000
=
470400
480000
+
98%
=
950400
480000
−
98%
=
9600
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Percent formula to figure out percentages:
480000 ⋅ 98 ÷ 100 = 470400.
So, we got a discount percentage of 470400. If the price was 480000 and a 98% (ie $470400) discount percentage was deducted from it, then we get the final price $9600. If we add the percentage received to the initial price, we get 950400 (480000+470400). New price is 950400, as the price has risen 98%.