Yes. I am having trouble with the wording. 1/10 percent. In some explanations I've read that 1/10 should be divided by 1/100 , but shouldn't it be 1/10 * 1/100 to = 1/1000 of 5,000?
The part I've highlighted is not correct. It should be divided by 100 (not by 1/100). Dividing by 100 is mathematically the same as multiplying by 1/100. So the answer to your question is 'yes' - you've done the calculation correctly.
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