Final answer:
B. Multiplying the value by 0.06".
Finding a markup of 6% is equivalent to multiplying the value by 0.06 because 6% is expressed as 0.06 in decimal form.
Step-by-step explanation:
Finding a markup amount of 6% is the same as multiplying the value by 0.06. This is because a percent is a way of expressing a fractional amount using a whole divided into 100 parts. Therefore, to convert a percentage to a decimal which can be used in a multiplication operation, you divide the percent value by 100. For example, 6% as a decimal is 6/100 which is 0.06.
Here are some examples with different percents to illustrate the concept of working with percents in sales tax calculations:
- $65.00 item with a 5% sales tax assessed: $65.00 × 0.05 = $3.25
- $150.00 item with a 10% sales tax assessed: $150.00 × 0.10 = $15.00
- For a 6% sales tax, you would perform the calculation: 0.06 × $47.50 = $2.85
Therefore, the correct answer to complete the statement would be "B. Multiplying the value by 0.06".