Answer:
$12
Step-by-step explanation:
Method 1
8% = 8/100 = 0.08
Therefore, to find 8% of the purchase price, multiply 0.08 by $150:
$150 x 0.08 = $12
Method 2
$150 is 100% of the purchase price, so to find 8%, divide $150 by 100 to give the equivalent of 1% and then multiply that by 8 to find 8%:
150 ÷ 100 = 1.5 ⇒ $1.50 is 1% of the purchase price
1.50 x 8 = 12 ⇒ $12 is 8% of the purchase price
