Question

6% of $189,500 = $11,370. 50% of $11,370 = $5,685. 60% of $5,685 = $3,411. What percent of $189,500 is $3,411?

a) 1.8%
b) 1.6%
c) 1.5%
d) 1.7%

Answer 1

To find the percentage of $189,500 that is equivalent to $3,411, set up a proportion and solve for x. The answer is a) 1.8%.

Step-by-step explanation:

To find the percentage of $189,500 that is equivalent to $3,411, we can set up the proportion:

1. $3,411 is x% of $189,500
2. $3,411 / $189,500 = x / 100

To solve for x, we can cross multiply:

1. $3,411 * 100 = x * $189,500
2. x = ($3,411 * 100) / $189,500

Calculating this, we find that x is approximately 1.8%. Therefore, the answer is a) 1.8%.