Set Up Equation: To find the value of x, we need to set up an equation based on the given information that 5% of x equals 24. The equation is: 0.05×x=24
Isolate x: To solve for x, we need to divide both sides of the equation by 0.05 to isolate x.x=0.0524
Perform Division: Now we perform the division to find the value of x.x=480