Question

If 12 12 % of a sum of money is $40.00, what is the sum of money?
Ans=

Answer 1

$320

Explanation:

12 1/2% = 12.5%

12.5% = $40

1% = 40 ÷ 12.5 = $3.20

100% = $3.20 x 100 = $320