We are asked "what is two percent of 500,000?"
"of" in math means multiplication
2% x 500,000
2% is really .02
.02 x 500,000
Using a calculator we can see that .02 x 500,000 = 10,000
There we go, 2% of 500,000 is 10,000!
2%*500,000=10,000