Question

5. Your local grocery store chain reported a total of $845,855 lost as a result of theft from stores in one year. Of this

amount, 58 percent is assumed to be internal theft. How much money is assumed lost due to internal theft?
Math Concept Calculating Percents Calculating the value a percent represents is a matter of converting the
percent to a decimal and multiplying.
Starting Hints Convert the percent to a decimal by moving the decimal point two places to the left. Multiply the decimal
by $845,855 to determine the dollar amount that was lost due to internal theft.

Answer 1

The amount lost due to internal theft is $489,712.90.

To calculate this, we need to convert the percent to a decimal by moving the decimal point two places to the left: 58% becomes 0.58. Then, we multiply this decimal by the total amount lost:

0.58 x $845,855 = $489,712.90.