Question

Thompson's hardware spent $66,170 this year on general insurance alone. if total sales were $713,200, what percent total sales was spent on general insurance? round to the nearest tenth of a percent, if necessary.

Answer 1

Answer:

We have our answer as approximately 10 %

Step-by-step explanation:

We are simply expected to express the sum of money spent on insurance as a percentage of the total sales in this question.

The first step is to set up a fraction, having the sum spent on insurance as the numerator, and the total sales as the denominator. This is shown below

$\frac{66,170}{713,200}$

To convert this fraction to a percentage, we will have to multiply it by 100 and reduce it to its lowest term.

Here we have

$\frac{66,170}{713,200} \times 100= 9.28 percent$

Rounding of to the nearest tenth, we have our answer as approximately 10 %