Answer :
$1,000,000 = 12.5% of the contract
"12.5%" means 0.125
"of" means "times"
1,000,000 = 0.125 C
Divide each side by 0.125 :
C = 1,000,000 / 0.125 = $8 million
"12.5%" means 0.125
"of" means "times"
1,000,000 = 0.125 C
Divide each side by 0.125 :
C = 1,000,000 / 0.125 = $8 million