Answer:
8.39
Explanation:
Convert the percentage into a decimal first by making it into a fraction then solving that fraction.
To make a percentage into a fraction, simply place that percentage over a hundred.
6.75% becomes 6.75/100
Which equals:
6.75/100
= 0.0675
Now that we've found the percentage as a decimal, all we have to do is multiply that decimal by 124.35 dollars because the keyword "of" indicates multiplication, so:
6.75% of 124.35 dollars
becomes,
0.0675 · 124.35 dollars
Solve:
0.0675(124.35)
= 8.393625
Round to nearest hundredth:
≈ 8.39