Final answer:
An eighth of something equals 12.5%, which is determined by dividing 100 by 8. Multiplying this percentage by a number, such as 1,000, confirms this value as the result is 125, which lies between 10% and 15% of 1,000.
Step-by-step explanation:
An eighth of something equals 12.5%. We can understand this by recognizing that a whole can be divided into 100 parts when dealing with percentages. If we divide 100 by 8, we get 12.5, which means that one eighth is the same as 12.5 parts out of 100, or 12.5%. For example, to find one eighth of 1,000 we can multiply 1,000 by the reciprocal of 8, which is 0.125, and the result is 125. This confirms that an eighth is more than 10% but less than 15%, as 10% of 1,000 is 100 and 15% of 1,000 is 150, and our result of 125 lies between these two values.