Have you been reading some old science books? Say, 200 years old?
Hipparcos's original design goal was parallaxes with a standard deviation of 2 to 5 milliarcseconds, depending on brightness and position on the sky.If you want the relative error of the observed parallax (i.e. the ratio observational error / observed parallax ) to be (say) 10%, then that means (taking the 2 milliarcsecond figure for purposes of discussion) Hipparcos parallaxes are good down to 20 milliarcseconds, i.e. out to 50 parsecs (= 165 light years) distance. On the other hand, if you can live with 20% relative errors, then the parallaxes are good down to 10 milliarcseconds, i.e. 100 parsecs (= 325 light years) distance. Or if you need 1% relative errors, then they're only good down to 200 milliarcseconds, i.e. out to 5 parsecs (= 16 light years) distance. Etc etc.
source: http://www.cv.nrao.edu/fits/traffic/sciastroresearch/sar.9707
FWIW, Hipparcos was originally intended to do parallax distance out to somewhere in the 800-1000 ly range, but it got stuck in a smaller parking orbit, thus reducing its range.
Do you know how to use trig?