What is 42% of $80,000?
First of all, 10% of $80,000 = $8,000 Multiply by 4 40% of $80,000 = 4($8000) = $32,000 Divide by 10 4% of $80,000 = $3,200 Divide by 2 2% of $80,000 = $1,600 Finally, add 40% and 2%: 42% = 40% + 2% = $32,000 + $1,600 = $33,600.