Given the Percentage Formula $P = \frac { R B } { 100 }$

question 12

Multiple Choice

Given the percentage formula $P = \frac { R B } { 100 }$ , find the base if $P = \$ 520$ and $R = 12 \% .$ Round to nearest hundredth.

• A)$230.77
• B)$51.67
• C)$62.40
• D)$4,333.33

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Definitions:

Personal Taxes

Personal taxes refer to taxes levied on the income, property, or wealth of individuals, as opposed to taxes imposed on companies or other legal entities.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity and preferred equity, constituting how a firm finances its overall operations and growth.

Debt

The total amount of money owed by an individual, firm, or government to lenders, which can include loans, bonds, and other financial obligations.

Capital Structure

The mix of a company's long-term debt and equity that it uses to finance its operations and projects.