Question

47% of $118 estimated

Answer 1

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

Answer 2

55.46 is the answer to your question.