Question

A company charges a shipping fee that is 4.5% of the purchase price for all items it ships. What is the fee to ship an item that costs $70? Round to the nearest cent (hundredths place).

Answer 1

Answer:

3.15 cents

Step-by-step explanation:

So, lets go over all the information we know.

First off, we know that the cost of the item is 70 dollars.

Secondly, we know that the fee is 4.5% of 70 dollars.

Now, what is 4.5%?

Well, we know that 100% is qual to 1.

So lets divide 4.5 by 100, which is just moving the decimal point back by 2:

0.045

Now, the last thing to do is multiply 0.045 by 70.

0.045x70

=

3.15

So now we know the fee for a 70 dollar item is 3.15 dollars!

Hope this helps ;)