Question

Jackson at the collectibles fair. He has exactly $8 and will purchase a collectible from a vendor for $5. What percent of his money will Jackson spend on the purchase?

Answer 1

62.5%

Explanation:

Total money with Jackson = $8

Money spent for buying collectible = $5

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Percentage of any number A with respect to another number B is calculated by multiplying fraction A/B with 100

Numerically A as percentage of b will be expressed as (A/B)100 %

It means that if there are 100 items instead of B item then what will be the value of A.

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Percentage of money spent = (Money spent for buying collectible /Total money with Jackson)

Substituting the total money and money spent for buying collectible

we have

Percentage of money spent = 5/8 * 100 = 0.625*100 = 62.5%

Thus, 62.5% percent of his money will Jackson spend on the purchase of collectible.