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## 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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Mathematics
3 years
2021-08-17T11:11:37+00:00
2021-08-17T11:11:37+00:00 2 Answers
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## Answers ( )

$5,840 was spent on health insurance

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