47% of $118 estimated

55.46 is the answer to your question.

1. We assume, that the number 118 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 118 is 100%, so we can write it down as 118=100%.

4. We know, that x is 47% of the output value, so we can write it down as x=47%.

5. Now we have two simple equations:

1) 118=100%

2) x=47%

where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

118/x=100%/47%

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for what is 47% of 118

118/x=100/47

(118/x) * x = (100/47) * x - we multiply both sides of the equation by x

118=2.12765957447*x - we divide both sides of the equation by (2.12765957447) to get x

118/2.12765957447=x

55.46=x

x=55.46

now we have:

47% of 118=55.46