Homework 1 answers

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CUNY New York City College of Technology *

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1190

Subject

Economics

Date

Jan 9, 2024

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pdf

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3

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Homework #1 Pg. 18 Problems #1-3 and 6-8 1. Out of 230 racers who started the marathon, 212 completed the race, 14 gave up, and 4 were disqualified. What percentage did not complete the marathon? 2. Patrick left an $8 tip on a $50 restaurant bill. What percent tip is that? t.fr thotdidn't complete the northern 14 4 18 Iiit Gary ditgualified TY 2 0 0.0782 7.8YIdidnot6mp6 the marathon Tie go 0.16 To
3. Ireland has a 23% VAT (value-added tax, similar to a sales tax). How much will the VAT be on a purchase of a €250 item? 6. Another project on Kickstarter for an iPad stylus raised 1,253% of their goal, raising a total of $313,490 from 7,511 supporters. What was their original goal? 231 23 250 0.23 4 57.50 in VAT wale the tax ale 1253 1 of X 313,490 t at x 25019 15 thetoriginal
7. The population of a town increased from 3,250 in 2008 to 4,300 in 2010. Find the absolute and relative (percent) increase. 8. The number of CDs sold in 2010 was 114 million, down from 147 million the previous year6 . Find the absolute and relative (percent) decrease. Absolute change 4300 32501 0501 9 Abiolle change Relative charge 195 0 32307 stating t 32.3 increase Quantity Absolute charge 114 million 197 million 731 33 million decrease Relative change 3,3111in 0.22448 22 4 decrease
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