What happens if you have more than 2 digits in the cents position?

Try finding 25% of $250.19.

Enter 250.19 times .25 and if you do it right, you get 62.5475 as your answer. That's far too many digits in the cents position, so you have to round the number. You need 2 digits in the cents position in your answer. If you just took the first two, that would give you .54, but look at the next digit. If the next digit is 5 or more, you have to raise your second digit one higher. (You are already more than halfway to the next number.) The next digit is a 7. This is more than 5, so you have to raise 54 cents to 55 cents. 25% of $250.19 is $62.55.

Now try finding 16% of $250.
First multiply 250 by .16 250 x .16 = 40 16% of $250 is $40

What is 16% of $250.19?
First multiply 250.19 by .16 250.19 x .16 = 40.0304
16% of $250.19 is $40.0304. The third digit is a zero, so you don't need to raise the second digit. 16% of $250.19 is $40.03

On the next page are a couple of examples for you to work out using amounts that people might earn.