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22 February, 23:47

If you are quoted a rate of $0.562 per hundred dollars of coverage on your car wash business and you need $350,000 of coverage, what is the cost?

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  1. 23 February, 02:43
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    Divide the total amount of coverage needed by 100 to find the number of hundreds needed:

    350,000 / 100 = 3,500 hundreds.

    Multiply the number of hundreds by the cost per hundred:

    3,500 x 0.562 = $1,967 total cost.
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