Question

Liam wants to buy a bicycle that costs $290.00. His parents say Liam must raise 40% of the money himself. How much money must Liam raise?

Answer 1

40/100 * $290.00 is $116.00

Answer 2

Liam must raise $116 .

Explanation:

Formula

`Percentage = (Part\ value* 100)/(Total\ value)`

As given

Liam wants to buy a bicycle that costs $290.00.

His parents say Liam must raise 40% of the money himself.

Percentage = 40%

Total value = $290

Putting in the formula

`40 = (Part\ value* 100)/(290)`

`Part\ value = (40* 290)/(100)`

`Part\ value = (11600)/(100)`

Part value = $116

Therefore the Liam must raise $116 .