Answer:
62.5%
Step-by-step explanation:
Total money with Jackson = $8
Money spent for buying collectible = $5
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Percentage of any number A with respect to another number B is calculated by multiplying fraction A/B with 100
Numerically A as percentage of b will be expressed as (A/B)100 %
It means that if there are 100 items instead of B item then what will be the value of A.
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Percentage of money spent = (Money spent for buying collectible /Total money with Jackson)
Substituting the total money and money spent for buying collectible
we have
Percentage of money spent = 5/8 * 100 = 0.625*100 = 62.5%
Thus, 62.5% percent of his money will Jackson spend on the purchase of collectible.
