Answer :
The answer is $0.55
$8.50 is 100%.
x is 6.5%
8.50 : 100% = x : 6.5%
x = 8.50 : 100% * 6.5%
x = 0.5525
x ≈ $0.55
$8.50 is 100%.
x is 6.5%
8.50 : 100% = x : 6.5%
x = 8.50 : 100% * 6.5%
x = 0.5525
x ≈ $0.55