Humber/Ontario Real Estate Course 2 Exam Practice

When calculating percentages, which units are involved?

1. The whole, rate, and part.

2. The part, rate, and decimal.

3. The rate and the whole.

4. The whole, part, rate, and decimal.

The correct answer is: The whole, rate, and part.

When calculating percentages, the units involved are the whole, rate, and part. The whole represents the entire quantity or amount you are dealing with, the rate is the percentage you want to calculate (e.g., 10%, 20%, etc.), and the part is the resulting portion of the whole when the rate is applied. Understanding these three units is key to accurately calculating percentages in various real estate scenarios. The other options are incorrect as they do not encompass all the necessary components required for calculating percentages in this context.