BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find the multiplier in decimal form when a store has a 6 1/2% sales tax
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6.5
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1.065
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1.65
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1.0065
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Explanation:
Detailed explanation-1: -Explanation using the division method: When you convert 5/6 to a decimal, 0.83 is your answer.
Detailed explanation-2: -But we’ve expressed this amount in three ways: as a fraction, as a percent, and as a decimal. Since they’re expressing the same amount, we know that 1/2, 50%, and 0.5 are equal to each other. Any time we see 1/2, we’ll know it can also mean 50% or 0.5.
Detailed explanation-3: -For example, a 5% increase on the original balance in a bank would mean there is now 105% in the bank. This is the same as 1.05 as a decimal so this is the multiplier.
There is 1 question to complete.