To find 120% of 700 using equivalent ratios, follow these steps:
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Define the Ratio: Start by setting up the relationship between the part and the whole. In this case, we can express the problem as a ratio: \[ \frac{part}{whole} = \frac{120}{100} \] Here, "part" represents the amount we are trying to find (120% of a certain quantity), and "whole" is the base quantity (700 in this case).
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Set Up the Equivalent Ratio: Set the part over the whole equal to the percentage ratio: \[ \frac{part}{700} = \frac{120}{100} \]
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Cross-Multiply: To find the "part", cross-multiply to isolate it: \[ part \times 100 = 120 \times 700 \] This simplifies to: \[ part = \frac{120 \times 700}{100} \]
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Calculate: Now, perform the calculation: \[ part = \frac{84000}{100} = 840 \]
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Conclusion: Therefore, 120% of 700 is 840.
Each equivalent ratio step essentially breaks down the solution by setting up proportions, allowing us to calculate the part based on the known whole.