What is the answer to 10.81 ÷ 2.3
2 answers:
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Given parameters:
Cost price of the article = Nu.28.30
Selling price of the article = Nu.29.30
Unknown:
Gain percentage = ?
The gain percentage is the same as the percentage profit on a trade.
The formula is given as:
Gain percentage =
Profit = Selling price - Cost price
= Nu.29.30 - Nu.28.30
= Nu. 1
Now input the parameters and solve;
Gain percentage =
= 3.5%
The gain percent is 3.5%
We use algebraic equations in our daily lives without knowing it. For example, when we go shopping, calculate grocery expenses, or even fill our gas tanks, we are using equations. Let's say we needed to fill our gas tank, but we only had $15.00 to do so. If the price of gas is $3.00 per gallon, how many gallons could we buy? We use the simply algebraic equation of 
to calculate the total gallons that can be bought. x = the money we have. y = price per gallon of gas. 
= 5. So with $15.00, we can buy 5 gallons of gas; and that is just one example of using an algebraic equation in everyday life!