Solve the problem.
-Allied Plumbing spent $ 30,260 this year on general insurance alone. If total sales were $ 626,000, what percent of total sales was spent on general insurance? Round to the nearest tenth of a percent, if necessary.
A) 0.5%
B) 4.8%
C) 207%
D) 20.7%

Question

Quizplus · Accepted Answer

To find the percentage of total sales spent on general insurance, divide the amount spent on insurance ($30,260) by the total sales ($626,000) and then multiply by 100. $ \frac{30,260}{626,000} \times 100 \approx 4.83\%$, which rounds to 4.8%.

Solve the Problem. -Allied Plumbing Spent $ 30,260 This Year on General Insurance