Question

$5.05 is 29.60% of what amount? For full marks your answer(s) should be rounded to the nearest cent.

Answer 1

$17.06

Explanation:

When dealing with percentage problems in which one value is a certain percentage of another, you can use the equation P%x = y, which P% of x is y.

Since we have the "is" value (5.05 which is y in the percentage equation) and the percentage (29.60), we need to find the "of" value (x).

For the equation, let's use the decimal version of 29.60%, which is 0.296:

(0.296x = 5.05) / 0.296

x = 17.06081081

x = 17.06

Thus, $5.05 is 29.60% of about $17.06.