Answer on Question #81737 – Math – Quantitative Methods
Question
A sales girl gave a change of 1.15 to a customer instead of 1.25. Calculate her percentage error.
Solution
1) First find the error = 1.15 – 1.25 = –0.10. Calculating the error for this problem ignore any minus sign. Thus, the error is 0.10.
2) Divide the error by the actual change and then convert that to a percentage
Answer: the percentage error is 8%.
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