Question

What percent of $8000 is 240?

Answer 1

`\large \boxed{3.00 \, \%}`

Explanation:

The formula for calculating percentage is

`\text{Percentage} = \frac{\text{Part}}{\text{Whole}} * 100 \, \%`

The "part" is the $240.

The "whole" is the $8000.

`\text{ \% of earnings}  = (240)/(8000) * 100 \, \% = \mathbf{3.00 \, \%}`

`\text{\$240 is }\large \boxed{\mathbf{3.00 \, \%}} \text{ of \$8000}`