Final answer:
The percent by volume of the red color in the solution is approximately 1.05%.
Step-by-step explanation:
The percent by volume of the red color in the solution can be calculated using the formula:
Percent by volume = (volume of solute ÷ volume of solution) × 100%
In this case, the volume of the red color is 8 mL and the volume of the solution is 760 mL (water). Plugging these values into the formula:
Percent by volume = (8 mL ÷ 760 mL) × 100% = 1.05%
Therefore, the percent by volume of the red color in the solution is approximately 1.05%.