Question

If the gross amount is USD 365, what is the net amount after adding 20%? (Up to two decimal places, Ex. $100.25)

Answer 1

The net amount is $438

Explanation:

The gross amount is G = $365

Now, 20% of 365 is, (0.2)(365) = 73

Added Amount = A = 20% of 365 = $73

Then, after adding the 20%, the net amount is,

Net Amount = Gross Amount + Added Amount

Net Amount = 365 + 73

Net Amount = $438