What is .75% of $100.00?

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"4 times as much" is not quite correct. You should be adding the amount of water needed to dilute 4.85M to 1M, which means you need to have 4.85 times as much water. So for each ml of 4.85M solution you need to add 3.85 ml water to make 4.85 ml which will be 1M. The equation should be 4.85x = 100 ...