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Subject:
Another simple (?) math problem
Category: Business and Money > Accounting Asked by: ddelphi-ga List Price: $2.00 |
Posted:
20 Mar 2003 08:19 PST
Expires: 19 Apr 2003 09:19 PDT Question ID: 178688 |
As stated in my last question, Im a terrible mathematician. I hang my head in shame. I know the answer to this is probably quite simple, but when I run the numbers they dont add up. Id ask the accounting department, but, when I ask them a question, they always just roll their eyes and treat me like Im a simpleton, which I am not. Really. Honest. I have seven companies, listed below. Each is responsible for a portion of the total bill, which is $64490.00. I need to know what percentage of the total each company represents. THEN, when I adjust the total to $60000.00, what is the total each company is responsible for. Five stars and a modest tip to the person who gets me this information as quickly as possible, as I need to draw up the contracts today. Please show your work so I can calculate this myself in the future. Company Amount A 7770.00 B 4720.00 C 3080.00 D 3020.00 E 36930.00 F 5000.00 G 3970.00 ____________________________ Total 64490.00 Adjust the total to $60,000.00, and how much does each company owe? Thanks - ddelphi |
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Subject:
Re: Another simple (?) math problem
Answered By: websearcher-ga on 20 Mar 2003 08:43 PST Rated: ![]() |
Hi ddelphi: First of all, to find the percentage of the total debt ($64490) that Company X owes, you simply divide the amount owed by Company X by the total amount and then multiply that by 100. So, for example, Company A owes: 7770 ------- x 100 = .1205 x 100 = 12.05 % 64490 So, doing the same for all the companies leads to: Company Amt. Owed % Owed A 7770.00 12.05 % B 4720.00 7.32 % C 3080.00 4.78 % D 3020.00 4.68 % E 36930.00 57.26 % F 5000.00 7.75 % G 3970.00 6.16 % These figures are rounded to two decimal places, but the total is still 100%. If we want to keep the percentages the same but change the total to $60000, then we simply divide the percentage for Company X by 100, then multiply that by $60000. For example, Company A now owes: 12.05 ------- * 60000 = $7230.00 100 So, doing the same for all companies leads to: Company % Owed New Amount Owed A 12.05 % $ 7230.00 B 7.32 % $ 4392.00 C 4.78 % $ 2868.00 D 4.68 % $ 2808.00 E 57.26 % $34356.00 F 7.75 % $ 4650.00 G 6.16 % $ 3696.00 ----------------------------------- $60000.00 I hope this helps you out! websearcher-ga Search Strategy: None. But you could always try: percentages tutorial ://www.google.ca/search?hl=en&ie=ISO-8859-1&q=percentages+tutorial&meta= |
ddelphi-ga
rated this answer:![]() Huh. I tried that exact thing, but kept getting the wrong answer. I mean, I *thought* that was the correct way to go about it, but my numbers kept coming up all wrong. Keep in mind that I was up all night last night with a sick three year-old, but still, I should have been able to do that simple math. Once again websearcher, you have provided the answer in a clear and elegant manner. Thank you very much. |
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Subject:
Re: Another simple (?) math problem
From: websearcher-ga on 20 Mar 2003 08:54 PST |
Thanks for the lovely comment and the generous tip, ddelphi. We all get tired. Hope your little one is feeling better. websearcher-ga |
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