
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Topic Video
Question
The dollar values take into account the changes in the economy over the years (i.e., inflation).
A typical high-income household in 1980 earned $138,539. A similar household in 2009 earned $192,814. What was the relative increase in income for these households from 1980 to 2009? Round to the nearest one percent.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 4 steps with 4 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.Similar questions
- Shareholders in an electronics company were informed that the company's market share increased from 4.5% to 5.4%, a rise of 0.9 percentage points. What percent increase in sales does this represent?arrow_forwardBarney’s landlords are increasing his rent. Last month he paid $545 for rent, but starting next month he’ll have to pay $580. What is the relative increase in Fred’s rent (to the nearest hundredth of a percent)? 93.97% 1.06% 6.03% 6.42%arrow_forwardEstimation is useful for tipping when you’re dining out, too. If the service is good, 20% of the overall bill is a nice tip to leave. Here’s a clever way to find that: move the decimal of the total amount one place to the left: that gives you 10%. Round this value to the nearest dollar and double the amount, and voila! Twenty percent. Use this to find a reasonable tip for good service on each bill. a. $31.45 b. $129.80arrow_forward
- in 2011 the cost of a house in New York was approximately $255,000, but by 2012 it had lost 2.92%. Luckily, housing prices have rebound since then, and by 2020 had increased by 34.5%. What was the approximate value of a house in New York in 2020? (Number entry. Round nearest dollar.)arrow_forwardthe U.S. Census Bureau states that in 2010 the average commute time for Wake County workers was 23.9 minutes and in 2016 the average was 25 minutes. What was the percentage increase in average commute times between these years? Write your answer as a percentage rounded to two decimal places, but do not include the % symbol.arrow_forwardSuppose a 12- ounce coffee at starbucks cost 1.46 in 2005. in 2010 that same cup of coffee cost 1.94. what was the relative increase in the price of the cup of coffee from 2005 to 2010? Round to the nearest one percent.arrow_forward
- The standard markup in the book industry is 50%; the retail price of a book is one and a half times the wholesale price. What percentage of the retail price of a book is the bookstore's markup? The New England Mobile Bookfair (a discount bookstore) advertises its bestsellers as "30% off retail." What is their markup on bestsellers, as a percentage of the wholesale price? Answer the previous question if the Book Fair discounts bestsellers by 40%. Would they ever do that? Remember you need to support your answers with math calculations that demonstrate your math thinking, and express in words your results, including any conclusion you draw. You cannot just say "Yes" or "No" or "10%." You have to explain why, and show supporting calculations. You also need to cite sources for any information you look up and identify assumptions you make.arrow_forwardA store sells a shirt with a markup of 60% above what they purchased it from the manufacturer. If they purchased the shirt for $12.50, how much will they sell it for?arrow_forwardA collector of football trading cards paid $6 for a 1984 Dan Marino rookie card several years ago. If the card is now worth $100, what is the percent of increase in the card's value? (Round to the nearest percentarrow_forward
- QUESTION 6 Katie owns a home valued at $129,900 in Syracuse, NY In 2017. Katie paid $2,254 in school taxes, which are based on home property values. What is the effective tax rate (to the nearest hundredth of a percent) for Katie's school taxes? %arrow_forwardThe January 2010 National Health Expenditures report stated that overall health care spending in the United States rose from $7,421 per person in 2007 to $7,681 per person in 2008. Calculate the percentage change in health care spending per person from 2007 to 2008.arrow_forwardLast year, the city of Richmond experienced a budget deficit of $124,820. In comparison, the expected deficit for this year is 35% less. What is this year's expected deficit?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education

Algebra and Trigonometry (6th Edition)
Algebra
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:PEARSON

Contemporary Abstract Algebra
Algebra
ISBN:9781305657960
Author:Joseph Gallian
Publisher:Cengage Learning

Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning

Algebra And Trigonometry (11th Edition)
Algebra
ISBN:9780135163078
Author:Michael Sullivan
Publisher:PEARSON

Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:9780980232776
Author:Gilbert Strang
Publisher:Wellesley-Cambridge Press

College Algebra (Collegiate Math)
Algebra
ISBN:9780077836344
Author:Julie Miller, Donna Gerken
Publisher:McGraw-Hill Education