Question

Solve for rate in the following application problem. A company reports that office income last month was ​$315,400​, while advertising expenses were ​$21,447.20. What percent of last​ month's income was spent on​ advertising?

Answer 1

6.8%

Explanation:

`(21447.20)/(315400)` When you divide this, you get 0.068. This is in decimal form. To change to a percent move the decimal to places to the right 6.8%