Final answer:
The statement provided is false. The correct formula to find the Whole is Whole = Part / Percent. Percentages are fractional representations with a denominator of 100, and converting between percentages and whole numbers involves division or multiplication by 100.
Step-by-step explanation:
The statement 'The basic formula for percentage problems is Whole = Part x Percent' is false. The correct formula to find the Whole when you have the Part and the Percent is Whole = Part / Percent. To clarify, this means you take the Part and divide it by the Percent (expressed as a decimal). For example, if you know that 30% of a number is 60, to find the Whole you would calculate 60 / 0.30, which equals 200.
When working with percentages, it is important to remember that a percent is a fractional representation where the denominator is 100. Therefore, to convert a percent to a decimal, which is needed for calculations, you would divide by 100. For instance, 25% becomes 0.25, and 3% becomes 0.03.
To convert a whole number to a percent, you would reverse the operation. In other words, if a part is a fraction of a whole, you can find the percent by dividing the part by the whole and then multiplying by 100. For example, if you have 50 out of 200, the percentage is calculated as (50/200) x 100% = 25%.