Question

Mr. Davies, an Accounts Receivable clerk, inspects the number of checks he received at the end of the first workday. 2 of the 200 checks were received from unknown vendors. What percent of the checks were NOT from unknown vendors?

A) 98%
B) 1%
C) 99%
D) 97%

Answer 1

To find the percentage of checks that were not from unknown vendors, subtract the number of checks from unknown vendors from the total number of checks and calculate the percentage.

Step-by-step explanation:

To determine the percentage of checks that were not from unknown vendors, we need to find the number of checks that were not from unknown vendors. Since 2 checks were from unknown vendors out of 200 total checks, the number of checks that were not from unknown vendors would be 200 - 2 = 198.

To find the percentage, we can use the formula:

Percentage = (Number of checks that were not from unknown vendors / Total number of checks) × 100

Substituting the values, Percentage = (198 / 200) × 100 = 99%

Therefore, the correct answer is 99% (option C).