How do you calculate percentage 1.15 of 40000?

To calculate 1.15% of 40,000, first convert the percentage to a decimal by dividing by 100, which gives you 0.0115. Then, multiply this decimal by 40,000: ( 0.0115 \times 40,000 = 460 ). Therefore, 1.15% of 40,000 is 460.