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 October 22nd, 2016, 12:31 PM #1 Newbie   Joined: Sep 2016 From: alaska Posts: 16 Thanks: 0 Simple percentage question Let's say I were to ask for 12 percent of 5 dollars. Would the rates be the same if I were to ask for 12 percent of 50 dollars? I know that it would be more for $50, but do the rates even out? Last edited by MBI; October 22nd, 2016 at 12:34 PM.  October 22nd, 2016, 12:39 PM #2 Global Moderator Joined: Dec 2006 Posts: 16,595 Thanks: 1199 What do you mean by "rates"? October 22nd, 2016, 12:49 PM #3 Newbie Joined: Sep 2016 From: alaska Posts: 16 Thanks: 0 Quote:  Originally Posted by skipjack What do you mean by "rates"? If I were to ask for 12 percent of five dollars, would the rate continue to be the same up to 50 dollars, or even 10? It should be the same correct? A flat 12 percent.  October 22nd, 2016, 12:52 PM #4 Math Team Joined: Jul 2011 From: Texas Posts: 2,298 Thanks: 1129 50 is ten times 5 12% of 50 is ten times 12% of 5 that's about it ... Thanks from MBI October 22nd, 2016, 12:54 PM #5 Newbie Joined: Sep 2016 From: alaska Posts: 16 Thanks: 0 Quote:  Originally Posted by skeeter 50 is ten times 5 12% of 50 is ten times 12% of 5 that's about it ... That's all I needed to know. I don't know why it confused me lol. Thanks.  November 9th, 2016, 03:29 AM #6 Newbie Joined: Jun 2016 From: india Posts: 24 Thanks: 4 12% of$5 = $0.6 12% of$50 = $6 They are different . November 9th, 2016, 08:19 AM #7 Banned Camp Joined: Jun 2014 From: Earth Posts: 945 Thanks: 191 Quote:  Originally Posted by MBI Let's say I were to ask for 12 percent of 5 dollars. Would the rates be the same if I were to ask for 12 percent of 50 dollars? I know that it would be more for$50, but do the rates even out?
The rate *is* 12%. That is a constant. You never changed it from your statement in your first sentence to your question of your
second sentence.

The amount you end up with is not the rate.

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