What is 98 percent of 550000? What is 550000 plus 98% and 550000 minus 98%?
98%
of
550000
=
539000
550000
+
98%
=
1089000
550000
−
98%
=
11000
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Percent formula to figure out percentages:
550000 ⋅ 98 ÷ 100 = 539000.
So, we got a discount percentage of 539000. If the price was 550000 and a 98% (ie $539000) discount percentage was deducted from it, then we get the final price $11000. If we add the percentage received to the initial price, we get 1089000 (550000+539000). New price is 1089000, as the price has risen 98%.