Question from Kenneth:

Hello:

I read the following in an old business mathematics textbook:
"Express 13 mills as a decimal part of $1.00."

I can determine the answer as follows: There are 1000 mills in or per
$1.00. 13 mills divided by 1000 mills/$1.00 equals $0.013, the answer.

My question is as follows: What does "...as a decimal part of $1.00"
indicate or represent from "Express 13 mills as a decimal part of
$1.00."?

Is (a decimal part of $1.00) any decimal less than $1.00 with the decimal having a dollar sign
before it.

I thank you for your reply.