47% of $118 estimate each percent

Estimate? so

47% is close to 50% and we know that 50%=1/2 so 1/2 of 118=$59

or you could round to 45% and do

50%-5%=45%

50%=$59

5%=1/10 of 50%=1/10 of $59=$5.90

50%-5%=$59-$5.9=$53.1

the answer depends to what number you round to estimate