Respuesta :
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
How much was spent on health insurance is $5,840
Using this formula
Amount spent=Monthly Sales× Health insurance percentage
Where:
Monthly Sales =$73,000
Health insurance percentage=8%
Let plug in the formula
Amount spent=$73,000×8%
Amount spent=$5,840
Inconclusion How much was spent on health insurance is $5,840
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