91Ó°ÊÓ

Write each percent as a fraction with denominator \(100 .\) $$40 \%$$

Write each percent as a fraction with denominator \(100 .\) $$60 \%$$

A These problems are similar to the examples found in this section. They should be set up and solved in the same way. (Problems 1-12 involve simple interest.) Bank Loan If \(\$ 400\) is borrowed at a rate of \(12 \%\) for 1 year, how much is the interest?

A These problems are similar to the examples found in this section. They should be set up and solved in the same way. (Problems 1-12 involve simple interest.) Bank Loan If a loan of \(\$ 2,000\) at \(20 \%\) for 1 year is to be paid back in one payment at the end of the year, how much does the borrower pay the bank?

Tax Rate If the purchase price of a bottle of California wine is $$ 24\( and the sales tax is $$ 1.50\) what is the sales tax rate?

Solve each of the following problems by first restating it as one of the three basic percent problems of Section 7.2 . In each case, be sure to show the equation. Determining a Tip Servers and wait staff are often paid minimum wage and depend on tips for much of their income. It is common for tips to be \(15 \%\) to \(20 \%\) of the bill. After dinner at a local restaurant the total bill is 56.00 dollar since your service was above average you decide to give a \(20 \%\) tip. Determine the amount of the tip you leave for your server.

Change each percent to a decimal. $$23 \%$$

Commission A real estate agent has a commission rate of \(3 \% .\) If a piece of property sells for $$ 94,000,$ what is her commission?

Change each percent to a decimal. $$92 \%$$

Commission A tire salesperson has a \(12 \%\) commission rate. If he sells a set of radial tires for $$ 400,$ what is his commission?