Explanation Procedure used: “ Steps to solving problem : Step 1: Set up the formula, Rate = Portion Base . Step 2: Calculate rate. Rounding the numbers : Step 1: Identify the specific digit. If the digit to the right of the identified digit is 5 or greater, round up the identified digit. Step 2: Delete digits to the right of the identified digit.” Calculation: It is given that, the original cost of the machine is $8,000 and sold price is $800. That is, the portion is $800 and base $8,000

12th Edition

ISBN: 9781259540554

Author: Jeffrey Slater, Sharon Wittry

Publisher: McGraw-Hill Education

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Chapter 6.2, Problem 6AH

To determine

The percent of the selling price from original price.

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Chapter 6.2, Problem 5AH

Chapter 6.2, Problem 7AH

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Chapter 6 Solutions

Practical Business Math Procedures

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