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October 22nd, 2016, 12:31 PM   #1
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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.
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October 22nd, 2016, 12:39 PM   #2
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What do you mean by "rates"?
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October 22nd, 2016, 12:49 PM   #3
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Quote:
Originally Posted by skipjack View Post
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.
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October 22nd, 2016, 12:52 PM   #4
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50 is ten times 5

12% of 50 is ten times 12% of 5

that's about it ...
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October 22nd, 2016, 12:54 PM   #5
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Quote:
Originally Posted by skeeter View Post
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.
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November 9th, 2016, 03:29 AM   #6
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12% of $5 = $0.6

12% of $50 = $6

They are different .
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November 9th, 2016, 08:19 AM   #7
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Quote:
Originally Posted by MBI View Post
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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