A company donates 1% of every customer purchase made on their store credit card to charity. This company had one store location that donated a total of $12,920.09 to charity from last month's credit card purchases.

What was the approximate total amount of the customer store credit card purchases from last month at this location?

Question

A company donates 1% of every customer purchase made on their store credit card to charity. This company had one store location that donated a total of $12,920.09 to charity from last month's credit card purchases.

What was the approximate total amount of the customer store credit card purchases from last month at this location?

anonymous · Answer

A $12,920,000
B $1,292,000
C $129

anonymous · Answer

The question is asking $12,920.09 is 1% of what?   This can be solved as followes:


$$T=0.01x$$$$12920.09=0.01x$$$$x=\frac{12920.09}{0.01}$$$$x=1292009$$

$1,292,009    so (B).