Answer:
5
Step-by-step explanation:
Productivity: My candy bar company made 100 million bars last year, sold for $1 each. I also paid [L] people last year, with an average salary of $100K last year. I have overhead cost of $10M. What was my TOTAL productivity (no units, rounded to 2 decimal places)?
Solution:
Total productivity is the average of labour and capital productivity weighted and adjusted to price fluctuations. It is the ratio of total output to the total input. The total productivity is given by the formula:
Total productivity = total output / total input
Total output = Revenue = number of bars sold * price per bar
Total output = 100 million * $1 = $100 million
Total input = Total salary + overhead cost
Total salary = number of people * average salary = 100 *$100000 = $10 million
overhead cost = $10 million
Total input = $10 million + $10 million = $20 million
Total productivity = total output / total input = $100 million / $20 million
Total productivity = 5
To solve this problem you have to set up a proportion. To form one side of the proportion you use "is over of" meaning what number represented by is, in this case 18, is placed over the number represented by of, 3000.
Since you are finding the percent of something, youre x value is placed above "100" because percent values are most commonly out of 100%.
So now your proportion will look like
To solve the proportion you cross multiply and divide. So you multiply 100 and 18 since they are crossed from each other, then divide 1800 by 3000. The answer is .6. 18 is .6% of 3000.
Givens
Let the number of students in the class be x
Let the number of pieces of gum she gave out be 3x
Equation
3x + 8 = 168 This will not work out evenly. Let's try x - 1. The reason for that is because she may not give out anything to herself.
3(x - 1) + 8 = 168 This doesn't work either.
Well we have to choose. It's a rounding problem.
3x + 8 = 168 Subtract 8 from both sides.
3x = 168 - 8 Combine
3x = 160 Divide by 3 on both sides.
x = 160 / 3
x = 53.333333333
Since that can't be, we could say there were 53 students.
3x
