Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 148

In the equation P = B × R , P = part , B = base , or whole, and R = rate , or percent. Use the following forms of the equation to solve the application problem.

You will first need to read the problem carefully to determine whether base, part, or rate is unknown. Round rates to the nearest tenth of a percent.
LOST OVERBOARD In a recent insurance company study of boaters who had lost items overboard, 88 boaters or 8% said that they lost their cell phones. Find the total number of boaters in the survey. ________________