What is 2 percent less than 502? What is the formula used to calculate 2 percent less than 502? How can we calculate 2 percent less than 502?
Here we will show you the formula used to calculate 2 percent less than 502 (2% less than 502), and then we will calculate the answer to 2 percent less than 502 using our formula. We will also illustrate what 2 percent less than 502 looks like.
The formula used to calculate 2 percent less than 502, as well as other percent less than problems, can be seen below:
PL = OV - ((P ÷ 100) × OV)
PL (Percent Less) is the answer we want, P (%) is the percent, and OV (Original Value) is the starting value. Therefore, when we substitute 2 for P and 502 for OV in our formula, we get the answer to 2 percent less than 502, as solved here:
PL = 502 - ((2 ÷ 100) × 502)
PL = 502 - (0.02 × 502)
PL = 502 - 10.04
PL = 491.96
2% less than 502 = 491.96
So, how does our formula work to calculate 2 percent less than 502? First, it takes 2 percent of 502, and then we subtract that result from 502 to get our final answer. We have provided an illustration below so you can better visualize 2 percent less than 502.
In our illustration above, the areas shaded in blue and red add up to 502, and the area shaded in red is 2 percent of 502. In other words, blue is 491.96, red is 10.04, and blue plus red is 502.
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