Equipment Industrial Machinery

the rental equipment on a construction project amounts to $5520. If this represents 3%of the cost what was the

staciaschool2 asked:


Total cost of the project. I have a bunch of problems like this one so I just need the formula or how to do it thank you
Haha I remeber doing this now…our math teacher randomnly handed it out today and it has been SO long but thanks, math is def not my strong suite

Jennifer

Tags: Construction Project, Math Teacher

This entry was posted on Thursday, November 13th, 2008 at 3:24 am and is filed under Other - Business & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “the rental equipment on a construction project amounts to $5520. If this represents 3%of the cost what was the”

1. acermill says:

   November 13, 2008 at 5:47 am

   It’s a simple mathematical formula ‘reversal’. Obtaining such a percentage requires multiplication of the starting total cost by .03, which is the mathematical formula for 3%. To get back to the starting point, take the $5520 and DIVIDE it by .03 to get back to $184,000 as the total starting cost.
2. smiling_freds_biz_info says:

   November 16, 2008 at 7:31 am

   Solve for X where

   5520/X = 3/100 (ie 3%)

   :o)
3. m h m says:

   November 17, 2008 at 10:42 pm

   if $5520 represent 3% of the cost
   $1840 represent 1% 5520 : 3 = $1840
   100% of the cost would be $1840 X100 =$184000
4. Sly m says:

   November 18, 2008 at 8:02 pm

   100 divided by 3= 33.33333333
   33.33333333 multiply by 5520 = 184000
   0.03 multiply by 184000 = 5520

   I hope this simple solution helps you