By Burton S. Kaliski (Auth.)
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Sample Problem 3 shows an example of an invoice and the proper method for its completion. 80 each, and 6 dozen pads of ledger paper @ $0,875 each. The seller was the ABC Office Supply Company, 27 Spruce Street, Milford, NH 03055. All items were to be delivered by truck on April 23 to 2100 River Road, Manchester, NH 03104. Sixty-day terms of payment were requested on ABC's Invoice 536. SOLUTION ABC Office Supply Company 27 Spruce Street Milford, NH 03055 Invoice No. 00 is the total list price of the goods, not the final price to be paid.
34 Base, Rate, and Percentage To find a percentage, multiply base x rate, or P zz B x R Finding the percentage is the most familiar of the problems we will study in this chapter. In Sample Problem 1, we are solving for percentage (although the problem does not say so directly). SAMPLE PROBLEM 1 George Markus earns $12,600 in a year. He spends 8% of this amount for electricity and gas. Determine his annual electric and gas expense. " The rate is easily recognized, since it includes a percent sign.
Identify the base, the rate, and the percentage. 2. Solve for the unknown item. 3. Apply these techniques to subsequent problems in business mathematics. 34 Base, Rate, and Percentage To find a percentage, multiply base x rate, or P zz B x R Finding the percentage is the most familiar of the problems we will study in this chapter. In Sample Problem 1, we are solving for percentage (although the problem does not say so directly). SAMPLE PROBLEM 1 George Markus earns $12,600 in a year. He spends 8% of this amount for electricity and gas.