An outlet store had monthly sales of $73,000 and spent 8% of it on health insurance. How much was spent on health insurance? Question An outlet store had monthly sales of$73,000 and spent 8% of it on health insurance.
How much was spent on health insurance?

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7 months 2021-08-17T11:11:37+00:00 2 Answers 0 views 0

1. \$5,840 was spent on health insurance

2. 1. We assume, that the number 73000 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 73000 is 100%, so we can write it down as 73000=100%.

4. We know, that x is 8% of the output value, so we can write it down as x=8%.

5. Now we have two simple equations:

1) 73000=100%

2) x=8%

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:

73000/x=100%/8%

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 8% of 73000

73000/x=100/8

(73000/x)*x=(100/8)*x       – we multiply both sides of the equation by x

73000=12.5*x       – we divide both sides of the equation by (12.5) to get x

73000/12.5=x

5840=x

x=5840

now we have:

8% of 73000=5840