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If a student received an award of $750 and later received a bonus of 15% on that

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Question: If a student received an award of $750 and later received a bonus of 15% on that award, what is the total amount received?

Options:

  1. $800
  2. $850
  3. $900
  4. $950

Correct Answer: $850

Solution:

Bonus = 15/100 * 750 = $112.5. Total = 750 + 112.5 = $862.5.

If a student received an award of $750 and later received a bonus of 15% on that

Practice Questions

Q1
If a student received an award of $750 and later received a bonus of 15% on that award, what is the total amount received?
  1. $800
  2. $850
  3. $900
  4. $950

Questions & Step-by-Step Solutions

If a student received an award of $750 and later received a bonus of 15% on that award, what is the total amount received?
  • Step 1: Identify the initial award amount, which is $750.
  • Step 2: Calculate the bonus by finding 15% of the award. To do this, multiply 15 by 750 and then divide by 100.
  • Step 3: Perform the calculation: 15 * 750 = 11250. Then divide 11250 by 100 to get the bonus amount, which is $112.5.
  • Step 4: Add the bonus amount to the initial award amount. So, $750 + $112.5 = $862.5.
  • Step 5: The total amount received by the student is $862.5.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Addition of Monetary Values – Adding the original amount and the calculated bonus to find the total.
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