Solve for the base. Round to the nearest cent.
-Part: $743.00 Rate of increase: 12%

Name: Solve for the base. Round to the nearest cent. -Part: $743.00 Rate of increase: 12%
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

The base is the original amount before the increase. To find the base when you know the part (the increased amount) and the rate of increase, you can use the formula: base = part / (1 + rate). Here, the part is $743.00, and the rate of increase is 12% or 0.12. So, base = $743.00 / (1 + 0.12) = $743.00 / 1.12 = $663.39.

Solve for the Base