Chapter 3, Problem 38AT

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Ryan Miller wanted to make some money at a flea market. He purchased 55 small orchids from a nursery for a total of $233.75, three bags of potting soil for $2.75 each, and 55 ceramic pots at $4.60 each. After planting the orchids in the pots, Ryan sold each plant for $15.50 at the flea market.

**a.** What was his total cost per potted plant?

**b.** How much profit did Bill make on this venture?

**(a)**

To determine

**To calculate:** The total cost per potted plant if the Ryan miller purchase 55 small orchids from a nursery for $233.75, three bags of potting soil for $2.75 each and 55 ceramic pot at $4.60 per pot which he is going to sell to make some money for $15.50 at flea market.

Explanation

**Given Information:**

Ryan miller purchase 55 small orchids from a nursery for $233.75, three bags of potting soil for $2.75 each and 55 ceramic pot at $4.60 per pot

Which he is going to sell to make some money for $15.50 at flea market.

**Formula used:**

To add two decimal numbers use the steps:

Step 1: Align the decimal points vertically.

Step 2: Put 0 at the empty places to make the number of digits after and decimal point equal.

Step 3: Perform addition from right to left and keep decimal point aligned.

To divide two decimal number, follow steps shown below:

Step 1: Move the decimal number to the right to make the divisor and dividend a whole number and put 0 if no space left to both the divisor and dividend.

Step 2: Perform Division

**Calculation:**

Consider the all investment, as 55 small orchids from a nursery for $233.75, three bags of potting soil for $2.75 each and 55 ceramic pot at $4.60 per pot.

As 3 bag of potting soil for $2.75 each cost $8.25.

55 ceramic pot for $4.60 each cost $253.

55 small orchids cost $233.75.

Now calculate the total investment

**(b)**

To determine

**To calculate:** The total profit if the Ryan miller purchase 55 small orchids from a nursery for $233.75, three bags of potting soil for $2.75 each and 55 ceramic pot at $4.60 per pot which he is going to sell to make some money for $15.50 at flea market.

Sect-3.I P-1TIESect-3.I P-2TIESect-3.I P-1RESect-3.I P-2RESect-3.I P-3RESect-3.I P-4RESect-3.I P-5RESect-3.I P-6RESect-3.I P-7RESect-3.I P-8RE

Sect-3.I P-9RESect-3.I P-10RESect-3.I P-11RESect-3.I P-12RESect-3.I P-13RESect-3.I P-14RESect-3.I P-15RESect-3.I P-16RESect-3.I P-17RESect-3.I P-18RESect-3.I P-19RESect-3.I P-20RESect-3.I P-21RESect-3.I P-22RESect-3.I P-23RESect-3.I P-24RESect-3.I P-25RESect-3.I P-26RESect-3.I P-27RESect-3.II P-3TIESect-3.II P-4TIESect-3.II P-5TIESect-3.II P-1RESect-3.II P-2RESect-3.II P-3RESect-3.II P-4RESect-3.II P-5RESect-3.II P-6RESect-3.II P-7RESect-3.II P-8RESect-3.II P-9RESect-3.II P-10RESect-3.II P-11RESect-3.II P-12RESect-3.II P-13RESect-3.II P-14RESect-3.II P-15RESect-3.II P-16RESect-3.II P-17RESect-3.II P-18RESect-3.II P-19RESect-3.II P-20RESect-3.II P-21RESect-3.II P-22RESect-3.II P-23RESect-3.II P-24RESect-3.II P-25RESect-3.II P-26RESect-3.II P-27RESect-3.II P-28RESect-3.II P-29RESect-3.II P-30RESect-3.II P-31RESect-3.II P-32RESect-3.II P-33RESect-3.II P-34RESect-3.II P-35RESect-3.II P-36RESect-3.II P-37RESect-3.II P-38RESect-3.II P-39RESect-3.II P-40RESect-3.II P-41RESect-3.II P-42RESect-3.II P-43RESect-3.II P-44RESect-3.II P-45RESect-3.II P-46RESect-3.III P-6TIESect-3.III P-7TIESect-3.III P-1RESect-3.III P-2RESect-3.III P-3RESect-3.III P-4RESect-3.III P-5RESect-3.III P-6RESect-3.III P-7RESect-3.III P-8RESect-3.III P-9RESect-3.III P-10RESect-3.III P-11RESect-3.III P-12RESect-3.III P-13RESect-3.III P-14RESect-3.III P-15RESect-3.III P-16RESect-3.III P-17RESect-3.III P-18RESect-3.III P-19RESect-3.III P-20RESect-3.III P-21RECh-3 P-1CRCh-3 P-2CRCh-3 P-3CRCh-3 P-4CRCh-3 P-5CRCh-3 P-6CRCh-3 P-7CRCh-3 P-8CRCh-3 P-9CRCh-3 P-10CRCh-3 P-11CRCh-3 P-12CRCh-3 P-1ATCh-3 P-2ATCh-3 P-3ATCh-3 P-4ATCh-3 P-5ATCh-3 P-6ATCh-3 P-7ATCh-3 P-8ATCh-3 P-9ATCh-3 P-10ATCh-3 P-11ATCh-3 P-12ATCh-3 P-13ATCh-3 P-14ATCh-3 P-15ATCh-3 P-16ATCh-3 P-17ATCh-3 P-18ATCh-3 P-19ATCh-3 P-20ATCh-3 P-21ATCh-3 P-22ATCh-3 P-23ATCh-3 P-24ATCh-3 P-25ATCh-3 P-26ATCh-3 P-27ATCh-3 P-28ATCh-3 P-29ATCh-3 P-30ATCh-3 P-31ATCh-3 P-32ATCh-3 P-33ATCh-3 P-34ATCh-3 P-35ATCh-3 P-36ATCh-3 P-37ATCh-3 P-38ATCh-3 P-39ATCh-3 P-40ATCh-3 P-41AT

Calculus (MindTap Course List)

Finite Mathematics

Calculus: Early Transcendentals

Statistics for The Behavioral Sciences (MindTap Course List)

Mathematical Applications for the Management, Life, and Social Sciences

Single Variable Calculus

Multivariable Calculus

Probability and Statistics for Engineering and the Sciences

Elementary Geometry For College Students, 7e

Mathematical Excursions (MindTap Course List)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Finite Mathematics and Applied Calculus (MindTap Course List)

Calculus: An Applied Approach (MindTap Course List)

Elementary Technical Mathematics

Essentials Of Statistics

Single Variable Calculus: Early Transcendentals, Volume I

Intermediate Algebra

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Precalculus: Mathematics for Calculus (Standalone Book)

Understanding Basic Statistics

Calculus: Early Transcendental Functions

Applied Calculus

Elements Of Modern Algebra

Trigonometry (MindTap Course List)

Single Variable Calculus: Early Transcendentals

Calculus: Early Transcendental Functions (MindTap Course List)

Calculus of a Single Variable

Study Guide for Stewart's Multivariable Calculus, 8th

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Elementary Geometry for College Students

Finite Mathematics for the Managerial, Life, and Social Sciences

Research Methods for the Behavioral Sciences (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Multivariable Calculus

Mathematics For Machine Technology

Statistics for Business & Economics, Revised (MindTap Course List)

Introduction To Statistics And Data Analysis

College Algebra (MindTap Course List)

Mathematics: A Practical Odyssey

Calculus (MindTap Course List)