
When you ask "What number is halfway between 54 and 481?" we assume you mean the number in the exact middle of the two numbers on a number line, as illustrated below, where X=54 and Y=481.

To find the number halfway between 54 and 481, we use the following formula:
(X + Y)/2 = Halfway Between
When we enter 54 and 481 into our formula, we get:
(54 + 481)/2 = 267.5
Thus, the number halfway between 54 and 481 is 267.5.
To check that our answer is correct, we subtract 54 from 267.5 and subtract 267.5 from 481 and compare the two numbers:
267.5 - 54 = 213.5
481 - 267.5 = 213.5
As you can see, the halfway number is 213.5 higher than 54 and 213.5 lower than 481. Therefore, our halfway between answer of 267.5 above is correct.
Halfway Between
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Halfway Between 54 and 482
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