1) If a 16 oz. bottle of shampoo contains 78% water, find the number of ounces of water in the bottle. Round to the nearest tenth of an ounce.
My rounded answer was 12.5 oz., rounded from 12.48 oz.
2) The local real estate agents' association collects a fee of 2% on all money received by its members. The members charge 6% of the selling price of a property as their fee.
How much does the association get if its members sell property worth a total of $8,680,000?
first is correct.
associationmoney=.02*1.06*8,680,000
wait, why is it 1.06? I don't think that's correct.
You are correct. Change that to 0.06
The association gets $10,320 right?
To find the number of ounces of water in the bottle, we need to compute 78% of 16 oz.
Step 1: Convert the percentage to a decimal by dividing it by 100.
78% = 78/100 = 0.78
Step 2: Multiply the decimal by the total number of ounces in the bottle.
0.78 * 16 oz = 12.48 oz
Step 3: Round the answer to the nearest tenth of an ounce.
Since the decimal portion is 0.48, which is greater than or equal to 0.5, we round up the whole number to 13 oz.
Therefore, the number of ounces of water in the bottle is approximately 13 oz.
For the second question, we need to calculate how much money the association receives when its members sell properties worth a total of $8,680,000.
Step 1: Find the total fee charged by the members.
The members charge 6% of the selling price, so we can calculate it as:
6% * $8,680,000 = 0.06 * $8,680,000 = $520,800
Step 2: Calculate the fee received by the association.
The association collects a fee of 2% on all money received by its members.
So, we can calculate it as:
2% * $520,800 = 0.02 * $520,800 = $10,416
Therefore, the association receives $10,416 if its members sell properties worth a total of $8,680,000.