Spending Cash Reserves

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A company's cash reserves held $10,000, and the reserves were spent and not replenished at a daily average of $1 each day over ten days. What percent of the original reserves was spent during this period?

Review: Spending Cash Reserves


Explanation

This question is essentially asking, "What percent of $10,000 is $10?" Fair enough. Let's form a fraction:





This is a fraction, not a percent. For the percent, we lose two decimal places, so it's 0.1%.

The correct answer is (D).


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