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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Chapter
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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

Solve the following for the base. Round to hundredths or the nearest cent when necessary.

What is the base if the rate is 40% and the portion is 690?

To determine

To calculate: The base if the rate is 40% and the portion is 690.

Explanation

Given Information:

Provided value of the rate is 40% and the value of the portion is 690.

Formula used:

Step1: Pick the formula that computes the unknown value.

The formula to compute the base is:

Base=PortionRate

Step2: Solve the equation by putting the known values for the letters in the formula.

Calculation:

Consider that the value of the rate is 40% and value of the portion is 690.

Transform percent or rate to a decimal value:

R=40%=40100=25=0

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