Hi Terrence.
You asked "25% of what is $298,750.00?"
Let's rewrite this in algebraic form. Translating
your statement to mathematical language...
"25%" is 25/100 or 0.25
"of" means times
"what" is the thing you are trying to figure out. Call it X.
"is" means equals in math.
298 750.00
So,
0.25 X = 298 750
If you divide both sides of this equation by 0.25, it cancels
from the left hand side, leaving just X, so:
X = 298 750 / 0.25 = $1 195 000.00
Can you see how the formula works now?
Hope this helps,
Stephen La Rocque.
