
Nathan B. answered 10/09/14
Tutor
5
(20)
Elementary and Algebraic skilled
"Percent" means "of one hundred," which is why one penny is "one cent"
Just a little trivia to help you understand the set-up.
7 X
--- = -----
49 100
Or, if it's not lined up right, 7/49 is equal to X/100
We're solving for X, so we need to cross-multiply our numbers:
7 * 100 = 49x, leading to 700 = 49x
Now to get X by itself, we now have to divide both sides by 49:
700 / 49 = (49x)/49
700 / 49 = 14.2857 = x
So it looks like 14.2857/100, which gives us 14.28% when properly rounded.

Michael F.
10/09/14