Answer:
$7,200.00
Explanation:
1. We assume, that the number 120000 is 100% - because it's the output value of the task.
2. We assume, that x is the value we are looking for.
3. If 120000 is 100%, so we can write it down as 120000=100%.
4. We know, that x is 6% of the output value, so we can write it down as x=6%.
5. Now we have two simple equations:
1) 120000=100%
2) x=6%
where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:
120000/x=100%/6%
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.
7. Solution for what is 6% of 120000
120000/x=100/6
(120000/x)*x=(100/6)*x - we multiply both sides of the equation by x
120000=16.6666666667*x - we divide both sides of the equation by (16.6666666667) to get x
120000/16.6666666667=x
7200=x
x=7200
now we have:
6% of 120000=$7200