2% of 1000 = $20
$20 x 4 = $80
She will owe $80 in interest at the end of 4 years.
Answer:
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The price of the chairs and the quantity that maximizes profit is to sell 45 chairs at $75 each.
<h3><u>Profit</u></h3>
Given that a furniture store can sell 40 chairs per week at a price of $80 each, and the manager estimates that for each and $5 price reduction, she can sell five more chairs per week, and the chairs cost the store $30 each, to determine the price of the chairs and the quantity that maximize profit, the following calculation must be made:
- 40 x (80-30) = 2000
- 45 x (75-30) = 2025
- 50 x (70-30) = 2000
- 55 x (65-30) = 1925
Therefore, the price of the chairs and the quantity that maximizes profit is to sell 45 chairs at $75 each.
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Bill wieghs 12o and gains 10 per month, his weight can be written as 120 +10m.
Phil's weight can be written as 150 + 4m.
To find the number of months for them to weigh the same, set the equations equal and solve for m.
120 + 10m = 150 +4m
Subtract 4m from each side:
120 + 6m = 150
Subtract 120 from each side:
6m = 30
Divide both sides by 6:
m = 30/6
m = 5
It will take 5 months.
Answer:
108.
Step-by-step explanation:
Least common multiple (LCM) of 12 and 27 is 108.