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Mashutka [201]
3 years ago
9

Two friends start a business. Together they spent 800 dollars for their initial inventory. They will sell all of their initial i

nventory for a profit, which will be split evenly among themselves. If each friend makes a profit if 980, what was their initial selling price of the inventory?
Mathematics
1 answer:
Paul [167]3 years ago
5 0
Their selling price was 2.45 times the price they bought it. If they split the profit evenly and there was two of them, multiply their profit by two and divide that number by 800 to find how much more they sold it for, so they sold it for 245% more than they bought it
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fredd [130]

Not sure if this is correct but:

Step-by-step explanation: P = 2000

                                             R = 5% = 0.05

                                             n = 4

                                      y = 2000 ( 1 + \frac{0.05}{4}) ^{4t} = 2000 ( 1.0125 )

                                       Substitute values in the compound interest formula:

                                        y = P ( 1 + \frac{r}{n})^{nt} .

Hope this helps..                  

6 0
2 years ago
A group of individuals were surveyed about their plans for vacation. There were 21 individuals who said they were going to the d
Alexeev081 [22]

Answer:

140 individuals were surveyed

42 people are planning on going to the mountains

Step-by-step explanation:

The question is missing the information regarding the percentage of people who said that they were going to each of the possible destinations. After a quick google search I've found that, in the original question, 32% of individuals were going to the beach, 15% to the desert, 23% to major cities, and 30% to the mountains.

If 21 people said they were going to the desert, and that corresponds to 15% of the total number of people surveyed, the number of people surveyed is:

21=n*0.15\\n=140\ individuals

140 individuals were surveyed

Since 30% responded "the mountains", the number of people planning on going to the mountains is:

m = 140*0.30\\m=42\ people

42 people are planning on going to the mountains

3 0
3 years ago
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