document.write( "Question 698063: How do you set up the equation to solve the problem, \"A merchant wants to clear $365.00 after paying a service fee of 3.25%. How much much must the merchant charge his customer?\" I multiplied $365.00 by 0.0325, then added that amount to the $365.00. Is there a better method/formula, Please. Thank you. \n" ); document.write( "

Algebra.Com's Answer #430428 by MathTherapy(10858) $\"\"$ $\"About$

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How do you set up the equation to solve the problem, \"A merchant wants to clear $365.00 after paying a service fee of 3.25%. How much much must the merchant charge his customer?\" I multiplied $365.00 by 0.0325, then added that amount to the $365.00. Is there a better method/formula, Please. Thank you.\r
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\n" ); document.write( "\n" ); document.write( "The $365 represents 100%, so adding 3.25% to 100% results in a multiplicative amount of $\"1.0325\"$ , which is then multiplied by $365 ( $\"1.0325+%2A+365\"$ ), thus resulting in the amount to be charged to the customer. This amount will also be the same as calculating the 3.25% service fee and then adding it to the $365 - just as you did.\r
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\n" ); document.write( "\n" ); document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com \n" ); document.write( "

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