Explanation Given Information: Provided expression is,“ 6.45 is 18 1 2 % of _____________”. Consider that the value of rate is R = 18 1 2 % as rate is the term having % sign and the value of portion is P = 6.45 as it is the part of the whole and hence 6.45 is the portion. Here the missing value is base. The formula to compute the base is Base = Portion Rate Transform percent or rate to a decimal value. R = 18 1 2 % = [ ( 18 × 2 ) + 1 2

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 6.II, Problem 23RE

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To fill: The blank space in the statement “6.45 is 1812% of _____________”.

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Chapter 6.II, Problem 22RE

Chapter 6.II, Problem 24RE

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Last Chance Mine (LCM) purchased a coal deposit for $2,918,300. It estimated it would extract 18,950 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.24 million, $13 million, and $11 million for years 1 through 3, respectively. During years 1-3, LCM reported net income (loss) from the coal deposit activity in the amount of ($11,400), $550,000, and $502,500, respectively. In years 1-3, LCM extracted 19,950 tons of coal as follows: (1) Tons of Coal 18,950 Depletion (2) Basis (2)(1) Rate $2,918,300 $154.00 Tons Extracted per Year Year 1 4,500 Year 2 8,850 Year 3 6,600 Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars. a. What is LCM's cost depletion for years 1, 2, and 3? Cost Depletion Year 1 Year 2 Year 3

Chapter 6 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 6.I - Convert the following percents to decimals. a. 27%...Ch. 6.I - Convert the following decimals or whole numbers to...Ch. 6.I - Prob. 3TIE Ch. 6.I - Prob. 4TIE Ch. 6.I - Convert the following percents to decimals. 1. Ch. 6.I - Prob. 2RE Ch. 6.I - Prob. 3RE Ch. 6.I - Prob. 4RE Ch. 6.I - Prob. 5RE Ch. 6.I - Prob. 6RE

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The blank space in the statement “ 6.45 is 18 1 2 % of _____________”.

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To fill: The blank space in the statement “6.45 is 1812% of _____________”.

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Chapter 6 Solutions