Suppose a business donates 1% of its profits to charity each year. How much would it donate if it made $7,500 in profits?
To find 1% of 7,500, we can multiply 7,500 by 1001 or 0.01.
1001⋅7,500=75, so the business would donate $75.
What if the business donates 6% of its profits to charity? Because 6% of 7,500 is 6 times as much as 1% of 7,500, we can calculate 6⋅1001⋅7,500 or 1006⋅7,500.
1006⋅7,500=450, so the business would donate $450.
The same reasoning can help us find 1%, 6%, and other percentages of another number:
In general, to find P% of any number, x, we can calculate: 100P⋅x.
Find whole-number quotients of whole numbers with up to four-digit dividends and two-digit divisors.
Use ratio and rate reasoning to solve real-world and mathematical problems.
Use ratio and rate reasoning to solve real-world and mathematical problems.