Final answer:
To find the total value of the furniture Dennis sold, convert 7% to a decimal (0.07) and divide $245 (the extra money made) by 0.07 to get the total sales value, which is $3500.
Step-by-step explanation:
The student asked how to determine the total value of the furniture Dennis sold given that he made an extra $245.00, which represents 7% of the total value. To find the total value, you first need to recognize that 7% is the part (the commission), and $245.00 is the whole (total sales).
Step 1: Convert 7% to its decimal form by dividing by 100, which gives us 0.07.
Step 2: Use the formula for finding the whole when the part and the percentage are known:
Part = (Percentage / 100) × Whole
You need to rearrange the formula to solve for Whole:
Whole = Part / (0.07)
Step 3: Substitute the values into the equation and calculate:
Whole = $245.00 / 0.07
Whole = $3500
Therefore, the total value of the furniture Dennis sold is $3500.