Question

Calculate 7 and one fourth% of $1,540

Answer 1

To calculate
`7(1)/(4)\%` from $1,540 you have to consider proportion:

$1,540 - 100%

$x -
`7(1)/(4)\%`

Mathematically,

`(\$1,540)/(\$x)=(100)/(7(1)/(4)),\\ \\\$x=(\$1,540\cdot 7(1)/(4))/(100)=(\$11,165)/(100)=\$111.65.`

Answer: $111.65