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\frac{x}{240}=\frac{5}{100}
Divide both sides by 100.
\frac{x}{240}=\frac{1}{20}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
x=\frac{1}{20}\times 240
Multiply both sides by 240.
x=\frac{240}{20}
Multiply \frac{1}{20} and 240 to get \frac{240}{20}.
x=12
Divide 240 by 20 to get 12.