1. The problem asks: What percent is the fraction $\frac{1}{2}$ of 50?\n\n2. To find what percent $\frac{1}{2}$ is of 50, we use the formula:\n$$\text{Percent} = \left(\frac{\text{Part}}{\text{Whole}}\right) \times 100$$\nHere, the "Part" is $\frac{1}{2}$ and the "Whole" is 50.\n\n3. Substitute the values into the formula:\n$$\text{Percent} = \left(\frac{\frac{1}{2}}{50}\right) \times 100$$\n\n4. Simplify the fraction inside the parentheses:\n$$\frac{\frac{1}{2}}{50} = \frac{1}{2} \times \frac{1}{50} = \frac{1}{100}$$\n\n5. Multiply by 100 to convert to percent:\n$$\frac{1}{100} \times 100 = 1$$\n\n6. Therefore, $\frac{1}{2}$ is 1 percent of 50.