First, find how much he paid by tire.
To do so, divide what he paid by how many tires he bought like this :
240$ / 12 = 20$ per tire
Then, calculate how much he sells each tire.
To do so, start by calculating how much he paid for 3 tires:
20$ x 3 = 60$
This is the price he sells 2 tires for, therefore :
60$ / 2 = 30$
he sells his tires 30$ each.
Finally, you have to calculate the profit he made by selling 12.
We already know how much it cost, so you need to find how much money he gets selling them :
12 tires x 30$ = 360$
To find the profit, take off the amount he paid from the amount he made :
360$ - 240$ = 120$
There you go!
Answer:253.33...
Step-by-step explanation:
Answer
Step-by-step explanation:
Answer:
- <u>The multiplicative rate of change of the function is 0.5</u>
Explanation:
The <em>multiplicative rate of change</em> is the ratio between consecutive entries.
Naming r the multiplicative rate of change, if it is constant you get:
- r = second entry / first entry = third entry / second entry = fourth entry / third entry.
Here:
- second entry / first entry = 0.125 / 0.25 = 0.5
- third entry / second entry = 0.0625 / 0.125 = 0.5
- fourth entry / third entry = 0.03125 / 0.0625 = 0.5
Thus, the multiplicative rate of change is 0.5. It means that you can obtain each entry as the product of the previous entry times 0.5:
- 0.25 × 0.5 = 0.125
- 0.125 × 0.5 = 0.0625
- 0.0625 × 0.5 = 0.03125
In general, exponential functions have constant multiplicative rate of changes.
