If you live in an area where the cost of living is increasing, the area you live in is likely experiencing:

If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba

morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

$\rm ax + by = c$ , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

$\rm 3s +2c = 22$

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

$\rm 2s + c = 14.25$

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

$\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end$ ... (3)

Now we will put $\rm c = 14.25 - 2s$ in equation 1:

$\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end$

On substituting the value of s in equation 3:

$\rm c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25$

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0

2 years ago

In March 2017, Amazon and Clorox reported nearly identical earnings per share, but the stock price of Amazon was more than six t

adoni [48]

Answer:

c. investors see better long-term prospects for Amazon

Explanation:

As we know that Amazon has the more customer base in the market due to which the shareholder predicted the expected profit in upcoming years. The company could run in long run. Even the ompany suffered huge losses due to discount provided but the investors are ready to invest in this company as they seen there is a better and long term prospects

Therefore according to the given situation, the option c is correct

3 0

3 years ago

A review of the accounting records of Perez Manufacturing indicated that the company incurred the following payroll costs during

Yuliya22 [10]

Answer:

SG&A expense = $363,000

Payroll cost which is included in Cost of goods sold = $827,200

Explanation:

The computation of SG&A and cost of goods sold

a.

Salary of the company president = $75,000

Add: Chief financial officer salary = $42,000

Add: Vice president of marketing salary = $40,000

Add: Administrative secretaries salaries = $60,000

Add: Commissions paid to sales staff = $146,000

SG&A expense = $363,000

b.

Vice president of marketing salary= $50,000

Add: Middle managers salaries = $147,000

Add: Wages of production workers = $703,500

Add: Engineers and other personnel responsible salaries= $133,500

Total = $1,034,000

Payroll cost which is included in Cost of goods sold

= $1,034,000 × 4000 ÷ 5000

= $827,200

5 0

3 years ago

2. The Oil Producing and Exporting Countries (OPEC) is an example of A

Lynna [10]

I believe that it is b the cartel

7 0

3 years ago

Assume that the required reserve ratio for commercial banks is 25 percent. if the federal reserve banks buy $3 billion in govern

aev [14]

To solve this problem, we should remember that the formula for reserve ratio is:

r = reserves / demand deposits

Where,

r = reserve ratio

reserves = $ 3 billion in government securities

Therefore the demand deposits is:

demand deposits = $ 3 billion / 0.25

demand deposits = $ 12 billion

Since $ 3 billion was bought, therefore the increase in the lending ability of the commercial banks is:

$ 12 - $ 3 billion = $ 9 billion

Answer:

$ 9 billion

4 0

3 years ago