To prepare 1 liter of 0.1M NaOH from a 50% NaOH solution, the required volume can be calculated using the solution's density of 1.53 g/ml. The molarity and weight of NaOH must be considered to determine the correct volume needed. Participants emphasize the importance of attempting the calculations independently for better understanding. Guidance is offered once an initial attempt is made. This approach promotes learning and problem-solving skills in chemistry.