1% of 1000 refers to one percent of the number 1000. Percentages are fractions of 100, and the formula to calculate 1% of any number is:
Percentage Value=100Percentage​×Number
Calculation:
1% of 1000=1001​×1000=10
Explanation:
- 1% means 1 out of every 100.
- When applying this to 1000, divide it by 100 to get 10.
Final Answer:
1% of 1000 is 10.