Answer:
$750
Step-by-step explanation:
so, in short, we need to calculate 25% of $3000.
that is the amount of tax credit a buyer would get then.
direct and fast answer :
25% means 1/4 of the overall amount.
$3000 / 4 = $750
now, a little bit longer to explain % calculations in general.
let's say, we are talking 27%. now we have a problem to find a fast fraction as factor.
it always starts with the identification of 100%.
what is the full starting amount we are dealing with ? that is the 100%.
in our case $3000.
now, as a base for the calculation we determine 1%, which is 1/100 of 100%, of course.
1% = $3000 / 100 = $30
to get said 27% we have to multiply this by 27
27% = 1% × 27 = $30 × 27 = $810
or in general
x% = 100% × x / 100
that also works for more complex questions. e.g. calculate 1.5%
1.5% = $3000 × 1.5 / 100 = $30 × 1.5 = $45
and that is all there is to % calculations. all the questions are just some variations, where your are missing one of the 3 "ingredients" : 100% amount, x% amount and x itself.
and you need to transform the general equation above to get the missing piece of of the given information.
