Question

solve for rate in the following application problem.
a company reports that office income last month was $315,400, while advertising expenses were $20,185.60. what percent of last months income was spent on advertising?

the company spent \\(\square\\)% on advertising.
(round to the nearest tenth of a percent as needed.)

Explanation:

Step1: Divide expenses by income

$\frac{20185.60}{315400}$

Step2: Convert to percentage

$\frac{20185.60}{315400} \times 100\% \approx 6.4\%$

Answer:

6.4%