Chapter 5 word problems (final answers in bold) 5-12 In 1955 an antique car that originally cost $3,668 is valued today at $62,125 if in excellent condition, which is 1¾ times as much as a car in very nice condition – if you can find an owner willing to part with one for any price, What would be the value of the car in very nice condition? Let x = value of the car in very nice condition 1¾x = 62125 7x/4 = 62125 (multiply by 4) 7x = 248500 (divide by 7) X = 35,500 $35000 = value of the car in very nice condition 5-14 Nanda Yueh and Lane Zuriff sell homes for ERA Realty. Over the past 6 months they sold 120 homes. Nanda sold 3 times as many homes as Lane. How many homes did each sell? Let x = Number of homes sold by …show more content…
In December, Wal-Mart’s total sales were $1200. Customers bought 7 times as many thermometers as hot-water bottles. How many of each did Wal-Mart sell? Check your answer. Let x = number of thermometers sold Let Y = number of hot-water bottles sold 7Y = X 2x + 6y = 1200 (simplify) X+3y=600 (substitute) 7y + 3y = 600 10y = 600 (divide by 10) Y = 60 X= 7y X= 7(60) X = 420 420 = number of thermometers sold 60 = number of hot-water bottles sold Check: 7y = x 7(60) = 420 (correct) 2x+6y = 1200 2(420) + 6(60) = 1200 (correct) 5-40 Kent Christy is organizing a fundraiser for the pool he manages. He bought ice-cream cones ($.75) and ice-cream sandwiches ($1.00) to sell. His total bill was $225. (a) If he ordered twice the number of ice-cream cones than ice-creamsandwiches, how many of each did he buy? (b) What did he spend for ice-cream cones? (c) What did he spend for ice-cream sandwiches? (a) Let x = number of ice-cream cones bought Let y = number of ice-cream sandwiches bought X = 2y .75x + y = 225 .75(2y) = 225 1.5y + y = 225 2.5y = 225 (divide by 2.5) Y = 90 X = 2y X = 180 180 = number of ice-cream cones bought 90 = number of ice-cream sandwiches bought (b) 180 x $.75 $135 = amount spent for ice-cream cones (c) 90 x $1.00 $90 =
In addition to the three-piece sofa set above, Kelsey and Cody also purchase a $249 coffee table and $199 end table. What is the total amount financed, including $153 for tax and $75 for delivery?
After doing some research, I discovered that in the book To Kill a Mockingbird, Atticus drives a 1928 Chevrolet National. Back in 1928, this car costed around seven-hundred to eight-hundred dollars. Today, the same car could cost you anywhere from nine-thousand dollars (this would need heavy restoration to be able to run) to twenty-four-thousand (this would be in almost perfect condition) dollars. At the low end, this is a
In 1966 a car was released, the Chevy Camaro, it became very popular because of its style. “Like the Mustang, the Camaro had instant success, and 220,906 were sold the first year” (Mattar). The original price of the Chevy Camaro was $2,500 - $3,310. (Vehicle search). The 1966 Camaro was bought very quickly because it was in the normal price limit and was
Beverly and Kyle Nelson currently insure their cars with separate companies paying $450 and $375 a year. If they insure both cars with the same company, they would save 10 percent on the annual premiums. What would be the future value of the annual savings over ten years based on an annual interest rate of 6 percent?
|1. |An insurance representative wants to determine if the proportions of women and men who buy the different policy types are the |
c. The Johnsons own a piece of investment real estate. They paid $500 of real property taxes on the property and they incurred $200 of expenses in travel costs to see the property and to evaluate other similar potential investment properties.
Question 35 Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as the base year. In 2002, the basket’s cost was $76.00; in 2004, the basket’s cost was $79.50; and in 2006, the basket’s cost was $85.00. The value of
1. Beverly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at 9%?
Warren Company makes candy. During the most recent accounting period, Warren paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy. Warren started and completed 10,000 units of candy, of which 7,000 were sold. Based on this information, Warren would recognize which of the following amounts of expense on the income
1. The local Mastermind store sells innovative educational toys. Part of their service is giving advice to customers about the best toys for a particular age group, which requires having more customer service representatives in the store. During the month long Christmas buying season, it makes half of its $500,000 yearly sales. Its contribution margin on average is 40% and its fixed costs for the year are about $150,000. The owner believes that she could make even higher sales, if she had more customer service representatives on the floor during the peak season. She plans on hiring four more people for 200 hours each at $20 per hour. How much additional revenue does she have earn to the nearest dollar
You have a choice of five appetizers, ten entrees, three beverages, and six desserts. How many possible complete dinners are possible? Place your answer, as a whole number—no decimal places—in the blank. For example 176 would be a legitimate entry 900
A company sells computers at a selling price of $1,800 each. Each computer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all computers sold will be under the warranty at an average cost of $150 each. During November the company sold 30,000 computers and 400 computers were serviced
4. Using the following information for individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5.
George Lassiter makes t-shirts for special events such as concerts. The upcoming concert presents another opportunity for George to make and sell t-shirts; however the question is how many t-shirts to produce. There are two fundamental case questions that must be answered: