Change the Following Percentage to a Decimal Equivalent

question 6

Short Answer

Change the following percentage to a decimal equivalent.Express the answer in hundredths;if the answer is less than 1,place a 0 to the left of the decimal.
8% = ______

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Definitions:

Expected Revenue

The amount of money a business anticipates receiving from its goods or services over a certain period.

English Auction

A method of sale involving ascending bids, where the item is sold to the highest bidder.

Expected Revenue

The anticipated total income of a business from the sale of goods or services, based on probable outcomes.

Rationally

In the context of economics, making decisions based on maximizing utility and weighing benefits against costs logically.