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krek1111 [17]
3 years ago
13

sports warehouse had a sale on two models of baseball gloves. Model A sold for $30.00, and model B sold for $45.25. A total of 5

2 gloves were sold. The total amount of sales earned on the gloves, excluding tax, was $2,078.50. How many model B baseball gloves were sold​
Mathematics
1 answer:
alexandr402 [8]3 years ago
6 0

Answer:

18 model A gloves and 34 model B gloves

Step-by-step explanation:

Set up 2 equations based on the given information

Let 'x' represent the number of Model A gloves sold

Let 'y' represent the number of Model B gloves sold

Then..

$30x + $45.25y = $2,078.50  represents the total sold in dollars

    x    +     y       =    52  represents the total number of gloves sold

Solve the second equation for either variable...

   x = 52 - y            

Now plug this into the first equation...

$30(52 - y) + $45.25y = $2,078.50            {x became 52 - y}

Now solve for y...

$1,560 - $30y + $45.25y = $2,078.50

     $15.25y = $518.50   (combine y terms, subtract $1,560 from both sides)

            y =  34             (divide both sided by $15.25, dollar signs cancel out)

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The profitability index of an investment with cash flows in years 0 thru 4 of -340, 120, 130, 153, and 166, respectively, and a discount rate of 16 percent is: 15%.

<h3>Profitability index</h3>

First step is to find the Net present value (NPV)  of the given cash flow using discount rate PVF 16% and PV of cash flow which in turn will give us net present value of 49.7.

Second step is to calculate the profitability index

Profitability index  = 49.7/340

Profitability index  = .15×100

Profitability index=15%

Therefore the profitability index of an investment with cash flows in years 0 thru 4 of -340, 120, 130, 153, and 166, respectively, and a discount rate of 16 percent is: 15%.

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