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Xelga [282]
3 years ago
5

PLEASE HELP I MADE WORTH 20 POINTS I ALSO WILL GIVE A BRAINLIEST TO FIRST CORRECT ANSWER AND ALSO I WILL GIVE A THANKS AND 5 STA

RS TO CORRECT ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Izzy wants to raise money for new equipment by selling T-shirts. He
pays $5.30 for each T-shirt and needs to raise $465. If 75 students order T-shirts, by what percent must Izzy mark up the T-shirts to raise $465? What is the selling price of each T-shirt? EXPLAIN. PLEASE EXPLAIN !!!!!!!!!!!!!!!!!!
Mathematics
2 answers:
Alexeev081 [22]3 years ago
8 0

\huge \fcolorbox{black}{red}{Answer:-}

Ok so this is gonna get a little confusing:

so he buys 75 shirts $5.30/shirt = $397.50he has to make $465 above the $397.50 which equals $862.50that means that to make the amount needed, he would have to sell each shirt $11.50/shirt

$5.30/$11.50= .4608695. meaning that the shirts would have to be marked up roughly 46.09% for izzy to make the $465 above the cost of the shirts

Varvara68 [4.7K]3 years ago
6 0

\bf \blue{ANSWER}

84% of a contractor’s jobs involves electrical work. 75% of a contractor’s jobs involve plumbing work. Of the jobs that involve plumbing, 90% of the jobs also involves electrical work. Let E = jobs involving electrical work L = jobs involving plumbing work Suppose one of the contractor’s jobs is randomly selected. Using the sixth Excel worksheet, a) Find P(E). 0.84 b) Find P(L). 0.75 c) In words, what does E | L mean? d) Find P(E | L). e) Find P(E and L). f) Are E and L independent events? Why or why not? g) Find P(E or L).

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sertanlavr [38]

The monthly payment for option 1 is $1755.144 and option 2 is $2088.97, total amount for option 1 is $631851.84 and option 2 is $376014.6, and on comparing option 2 will be better option.

Given that for $200,000 loan Option 1 is a 30-year loan at an APR of 10% Option 2 is a 15-year loan at an APR of 9.5%.

A concept that implies that the future value of money will be lower than its present value due to several factors such as inflation is known as TVM(time of value money).

Monthly Payments

Option 1

Loan Amount = $200,000

Number of payments = 30×12 = 360

Monthly interest rate = 10%/12 = 0.008333333

Monthly payment = Loan amount (1+ monthly interest rate)ⁿ×monthly interest rate/[(1+monthly interest rate)ⁿ- 1]

Monthly payment=200,000×(1+0.008333333)³⁶⁰×(0.008333333)/[(1+0.008333333)³⁶⁰-1]

Monthly payment=33062.328/18.83739

Monthly payment=$1755.144

Option 2

Loan Amount = $200,000

Number of payments = 15 x 12=180

Monthly interest rate = 9.5%/12=0.00792

Monthly payment = 200,000(1+0.00792)¹⁸⁰(0.00792)/[(1+0.00792)¹⁸⁰-1]

Monthly payment=6553.096/3.137

Monthly payment=$2088.97

Total Payments

Option 1

As we've found out the monthly payments, we now need to multiply it by the number of months.

$1755.144×360 = $631851.84

Option 2

$2088.97×180 = $376014.6

Conclusion

Option 2 will always be the better option economically as it saves $255837.24 ($631851.84 - $376014.6) in total payments.

Hence, For $200,000 loan Option 1 a 30-year loan at an APR of 10% Option 2 a 15-year loan at an APR of 9.5% is the monthly payment for option 1 is $1755.144 and option 2 is $2088.97, total amount for option 1 is $631851.84 and option 2 is $376014.6, and on comparing option 2 will be the better option.

Learn more about monthly cost from here brainly.com/question/1476828.

#SPJ1

5 0
2 years ago
20% of what number is 12
yawa3891 [41]

Answer:

The number is 60

Step-by-step explanation:

Of is multiply and is means equals

20% * N = 12

Changing to decimal form

.20 N = 12

Divide  by .20

.20N/.20 = 12/.20

N = 60

The number is 60

3 0
3 years ago
Read 2 more answers
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stich3 [128]

Answer:

<em>24000 and 1620 for the first and fifth </em>

Step-by-step explanation:

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<em></em>

<em></em>

<em></em>

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7 0
3 years ago
What is the product of (-0.5)(-1.2)(-5.22)?<br><br>0. -9.8<br>0. -3.132<br>0. 3.132<br>0. 9.8​
Mama L [17]

Answer:

The answer is B or -3.132

Step-by-step explanation:

You are multiplying 2 negatives and a positive, so it guarantees it will be negative! Hope this helps!

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3 years ago
What is the unit of time (t) when calculating interest?
Ymorist [56]

Answer:

t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.

Step-by-step explanation:

 

7 0
2 years ago
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