How much is a 5% cancellation fee for $94.00?

Question

I rented a cabin, but I'm not sure if I can keep the reservation. The website says there is a 5% cancellation fee. So how much would I end up paying for canceling? My total balance is $94.00.

I suck at math :(

Answer 1

$4.70

this is how its done.

94 x 0.05 = 4.70

Answer 2

half would be 47 dollars, so move the decimal over from 47.00 to 4.70, which is the difference between 50% (.50) and 5.0% (.05).

you do not suck at math, you just do not focus on it because you have conditioned yourself to be short tempered with thinking about it.

Answer 3

$4.70, but you might see if there is a minimum cancellation fee.  It might be more than $4.70.  

Answer 4

you'd be paying $4.70 for the cancellation.  All you do is multiply the amount times the percentage with the decimal moved to the left 2 spaces

Answer 5

ten percent is 9.40 ...so five percent would be half of that...4.70