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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

An insurance adjuster for UPS found that 12% of a shipment was damaged in transit. If the damaged goods amounted to $4,870, what was the total value of the shipment?

To determine

To calculate: The total value of shipment, if there was 12% defects found in transit of a shipment by an insurance adjuster for UPS and if the total amount of defected goods was $4,870.

Explanation

Given Information:

There was 12% defects found in transit of a shipment by an insurance adjuster for UPS and if the total amount of defected goods was $4,870.

Formula used:

Step1: Recognize the two known values and the unknown value.

Step2: Pick the formula that solves the unknown value.

Step3: Solve the equation by putting the known values for the letters in the formula.

Calculation:

Value of rate is R=12% as rate is the term having % sign and the value of portion is P=$4,870 as it is the part of the whole and the unique characteristic of portion is that the amount of “defected goods” was $4,870.

Here the missing value is base as base is the whole amount and here the total value of shipment is unknown.

The formula to compute the base is P=R×B

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Sect-6.I P-7RESect-6.I P-8RESect-6.I P-9RESect-6.I P-10RESect-6.I P-11RESect-6.I P-12RESect-6.I P-13RESect-6.I P-14RESect-6.I P-15RESect-6.I P-16RESect-6.I P-17RESect-6.I P-18RESect-6.I P-19RESect-6.I P-20RESect-6.I P-21RESect-6.I P-22RESect-6.I P-23RESect-6.I P-24RESect-6.I P-25RESect-6.I P-26RESect-6.I P-27RESect-6.I P-28RESect-6.I P-29RESect-6.I P-30RESect-6.I P-31RESect-6.I P-32RESect-6.I P-33RESect-6.I P-34RESect-6.I P-35RESect-6.I P-36RESect-6.I P-37RESect-6.I P-38RESect-6.I P-39RESect-6.I P-40RESect-6.I P-41RESect-6.I P-42RESect-6.I P-43RESect-6.I P-44RESect-6.I P-45RESect-6.I P-46RESect-6.II P-5TIESect-6.II P-6TIESect-6.II P-7TIESect-6.II P-8TIESect-6.II P-9TIESect-6.II P-10TIESect-6.II P-11TIESect-6.II P-12TIESect-6.II P-13TIESect-6.II P-1RESect-6.II P-2RESect-6.II P-3RESect-6.II P-4RESect-6.II P-5RESect-6.II P-6RESect-6.II P-7RESect-6.II P-8RESect-6.II P-9RESect-6.II P-10RESect-6.II P-11RESect-6.II P-12RESect-6.II P-13RESect-6.II P-14RESect-6.II P-15RESect-6.II P-16RESect-6.II P-17RESect-6.II P-18RESect-6.II P-19RESect-6.II P-20RESect-6.II P-21RESect-6.II P-22RESect-6.II P-23RESect-6.II P-24RESect-6.II P-25RESect-6.II P-26RESect-6.II P-27RESect-6.II P-28RESect-6.II P-29RESect-6.II P-30RESect-6.II P-31RESect-6.II P-32RESect-6.II P-33RESect-6.II P-34RESect-6.II P-35RESect-6.II P-36RESect-6.II P-37RESect-6.II P-38RESect-6.II P-39RESect-6.II P-40RESect-6.II P-41RESect-6.II P-42RESect-6.II P-43RESect-6.II P-44RESect-6.II P-45RESect-6.II P-46RESect-6.II P-47RESect-6.II P-48RESect-6.II P-49RESect-6.III P-14TIESect-6.III P-15TIESect-6.III P-16TIESect-6.III P-17TIESect-6.III P-18TIESect-6.III P-19TIESect-6.III P-20TIESect-6.III P-21TIESect-6.III P-22TIESect-6.III P-1RESect-6.III P-2RESect-6.III P-3RESect-6.III P-4RESect-6.III P-5RESect-6.III P-6RESect-6.III P-7RESect-6.III P-8RESect-6.III P-9RESect-6.III P-10RESect-6.III P-11RESect-6.III P-12RESect-6.III P-13RESect-6.III P-14RESect-6.III P-15RESect-6.III P-16RESect-6.III P-17RESect-6.III P-18RESect-6.III P-19RESect-6.III P-20RESect-6.III P-21RECh-6 P-1CRCh-6 P-2CRCh-6 P-3CRCh-6 P-4CRCh-6 P-5CRCh-6 P-6CRCh-6 P-7CRCh-6 P-8CRCh-6 P-9CRCh-6 P-10CRCh-6 P-11CRCh-6 P-12CRCh-6 P-13CRCh-6 P-14CRCh-6 P-1ATCh-6 P-2ATCh-6 P-3ATCh-6 P-4ATCh-6 P-5ATCh-6 P-6ATCh-6 P-7ATCh-6 P-8ATCh-6 P-9ATCh-6 P-10ATCh-6 P-11ATCh-6 P-12ATCh-6 P-13ATCh-6 P-14ATCh-6 P-15ATCh-6 P-16ATCh-6 P-17ATCh-6 P-18ATCh-6 P-19ATCh-6 P-20ATCh-6 P-21ATCh-6 P-22ATCh-6 P-23ATCh-6 P-24ATCh-6 P-25ATCh-6 P-26ATCh-6 P-27ATCh-6 P-28ATCh-6 P-29ATCh-6 P-30ATCh-6 P-31ATCh-6 P-32ATCh-6 P-33ATCh-6 P-34ATCh-6 P-35ATCh-6 P-36ATCh-6 P-37ATCh-6 P-38ATCh-6 P-39ATCh-6 P-40ATCh-6 P-41ATCh-6 P-42ATCh-6 P-43ATCh-6 P-44ATCh-6 P-45ATCh-6 P-46ATCh-6 P-47ATCh-6 P-48ATCh-6 P-49AT

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