how to convert the # below

Question

received a cost of $0.00008475 - US

What does this represent in respect to $1 (one dollar - US)

Answer 1

Any percentage can be expressed as a decimal.

50% = 0.50

14% = 0.14

1% = 0.01

In other words, move the decimal two digits to the left on the percentage number and you get the equivalent decimal.

So, $0.00008475 represents $0.008475% of $1

You can also say it as 8.475 1/1000th of a percent.