Question

If the percent error is 3% and the target amount is 50, what is the lowest acceptable value?

annnnd
If the percent error is 3% and the target amount is 50, what is the highest acceptable value?

Answer 1

3% and anything to infinity (x)

Answer 2

percent error is 3%......target amount is 50

3% of 50 = turn percent to decimal...." of " means multiply
0.03(50) = 1.50

Lowest acceptable value is : 50 - 1.50 = $ 48.50 <==
Highest acceptable value is : 50 + 1.50 = $ 51.50 <==