   Chapter 6, Problem 45AT ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# An insurance adjuster for UPS found that 12% of a shipment was damaged in transit. If the damaged goods amounted to $4,870, what was the total value of the shipment? To determine To calculate: The total value of shipment, if there was 12% defects found in transit of a shipment by an insurance adjuster for UPS and if the total amount of defected goods was$4,870.

Explanation

Given Information:

There was 12% defects found in transit of a shipment by an insurance adjuster for UPS and if the total amount of defected goods was $4,870. Formula used: Step1: Recognize the two known values and the unknown value. Step2: Pick the formula that solves the unknown value. Step3: Solve the equation by putting the known values for the letters in the formula. Calculation: Value of rate is R=12% as rate is the term having % sign and the value of portion is P=$4,870 as it is the part of the whole and the unique characteristic of portion is that the amount of “defected goods” was \$4,870.

Here the missing value is base as base is the whole amount and here the total value of shipment is unknown.

The formula to compute the base is P=R×B

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