   Chapter 5, Problem 24AT ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Set up and solve equations for the following business situations.Do It Best Hardware is offering a 140-piece mechanic’s tool set plus a $65 tool chest for$226. What is the cost per tool?Do it Best Corp. engages in the wholesale distribution of hardware, lumber, builder supplies, and related products. The company is a member- owned cooperative and is guided by the members of the board of directors. This group is entirely composed of and elected by Do it Best Corp. stockholders—those hardware, lumber, and home center store owners who make up the 4,100 member-retailers in the United States and in 45 countries around the world.Sources: www.doltbestcorp.com and www.businessweek.com To determine

To calculate: The cost of one tool, if a mechanic’s tool of 140 -pieces and a $65 tool chest offered by Do It Best Hardware are in$226.

Explanation

Given Information:

A mechanic’s tool of 140 -pieces and a $65 tool chest offered by Do It Best Hardware are in$226.

Formula used:

To solve the equation and prove the solution, follow the steps as mentioned below.

Step 1: Understand the problem and write the facts of the equation.

Step2: List the known and the unknows from the problem.

Step3: Write the equation with the help of following table of key word,

 Equal Sign Addition Subtraction Multiplication Division Parentheses Is And Less Of Divide Times the quantity of Are Added to Less than Multiply Divided by Was Totals Smaller than Times Divided into Equals The sum of Minus Product of Quotient of Gives Plus Difference Multiplied by Ratio of Giving More than Decreased by Twice Leaves Larger than Reduced by Double Results in Increased by Take away Triple Produces Greater than Loss of At yields exceeds Fewer than @

Step4: Solve the equation by rearrange the unknown values to the left side and known values to right side of the equal sign.

Step5: Prove the solution by substituting the value obtained from step 4 in the equation formed in step 4 then check the left and right of the equation if, they are equal then the answer is correct.

Calculation:

Underline the keyword by using the table of key word.

Cost of one 140 -pieces plus $65 equals total amount,$226

Suppose that X be cost of one tool from 140 -pieces

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