Based on the amount of oranges bought, those sold at a profit and those sold at a loss, the overall profit is 14.2%
<h3>What is the overall profit?</h3>
Assume that the buying price was $1 each.
The amount earned from 60% of them is:
= 60% x 100,000 x 1
= $60,000
The profit from selling 50% of the remaining is:
= (50% x 40,000) x 1.60
= $32,000
The loss from selling the other 50%:
= (50% x 40,000) x 0.90
= $22,222.22
Total selling price:
= 60,000 + 32,000 + 22,222.22
= $114,222.22
Total profit:
= (114,222.22 - 100,000) / 100,000
= 14.2%
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Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
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Answer:
B
Step-by-step explanation:
Rise/Run - Y/X
x is going up 5
y is going up 1
so the slope is 1/5
G is less than 75
g=12
75-63= 12
Hope this helps!
