I prepaid 70% of the total cost of 127. 50 what is the total owed
The correct answer and explanation is:
✅ Correct Answer:
$38.25 is still owed.
🧮 Step-by-Step Explanation:
You prepaid 70% of the total cost, which is $127.50. To find out what is still owed, follow these steps:
1. Calculate 70% of $127.50 (Amount Prepaid)
70%=70100=0.7070\% = \frac{70}{100} = 0.70 Prepaid Amount=0.70×127.50=89.25\text{Prepaid Amount} = 0.70 \times 127.50 = 89.25
2. Find the Remaining Amount (Total Owed)
Total Owed=Total Cost−Prepaid Amount\text{Total Owed} = \text{Total Cost} – \text{Prepaid Amount} Total Owed=127.50−89.25=38.25\text{Total Owed} = 127.50 – 89.25 = 38.25
💡 Explanation (300 words):
When you make a prepayment, it means you’ve already covered part of the total cost, and only the remainder is still owed. In this problem, you prepaid 70% of a total cost of $127.50. To figure out how much you still need to pay, you must calculate 70% of $127.50, which gives you $89.25. That’s how much you’ve already paid.
Next, you subtract the prepaid amount from the total cost to find the balance remaining. This is important in budgeting and financial planning, especially when dealing with partial payments, deposits, or layaway purchases.
Many people get confused between percentage paid and percentage remaining, so it’s helpful to remember that:
- If 70% is paid, then 30% is unpaid.
- So, another way to find the answer is: 30% of 127.50=0.30×127.50=38.2530\% \text{ of } 127.50 = 0.30 \times 127.50 = 38.25
Whether you calculate the prepaid amount and subtract it or directly find the unpaid percentage, the result is the same.
Thus, the total amount still owed is $38.25.
✅ Final Answer: $38.25