Question

Pedro opened a grilled cheese food cart. He insures his food cart for $90,000.00 for fire. What's his premium if the rate per $100.00 is $0.83? A. $74.70 B. $747.00 C. $700.00 D. $74,700.00

Answer 1

Explanation:

Answer 2

1.) Divide the value of the grilled cheese food cart by $100
$90,000 / $100 = $900
2.) Multiply the quotient by the rate per $100
$900 * $.83 = $747
3.) Therefore, B. $747 is Pedro's premium for his grilled cheese food cart