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tigry1 [53]
3 years ago
8

A tenant rented a store to use as a real estate school at a base rent of $1,500 a month. Additionally, the tenant agreed to pay

3% of gross annual sales over $200,000. What were the gross sales if the total rent paid for the year was $30,000?1. $400,0002. $150,0003. $600,0004. $750,000
Mathematics
1 answer:
allsm [11]3 years ago
7 0

Answer:

3. $600,000

Step-by-step explanation:

We have been given that a tenant rented a store to use as a real estate school at a base rent of $1,500 a month. Additionally, the tenant agreed to pay 3% of gross annual sales over $200,000.

Let us find base annual rent.

\text{Base annual rent}=\$1500\times 12\\\\ \text{Base annual rent}=\$18,000

Let us find the amount of rent paid as 3% of gross annual sales.

\$30,000-\$18,000=\$12,000

Let us find amount of sales over $200,000 by dividing $12000 by 3% or 0.03.

\frac{\$12,000}{0.03}=\$400,000

Total sales would be $400,000 plus $200,000.

\text{Total sales}=\$400,000+\$200,000\\\\ \text{Total sales}=\$600,000

Therefore, the total sales for that year was $600,000 and 3rd option is the correct choice.

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Vladimir79 [104]
There's only one decimal point in the answer. This is quite obvious. Regardless of whether or not your adding, subtracting, dividing, or multiplying, there's really only going to be one decimal, ever. This doesn't change, However, what DOES change are decimal PLACES.

Looking at the problem, you see both .6 and .4 are placed to the right of the decimal, otherwise known as the tenths place (1/10). 

Looking at 1.9, you see you have one number (1) placed to the left of the decimal, the ones place, and another number placed to the right of the decimal (9), in the tenths place. 

Well, this is simple. You can look and see that your multiplying fractions against a whole number, which will of course make this whole number even smaller. By how much though??

Well, you can really tell this by looking at how MANY numbers are behind the decimal. You have .9, .4, and .6

That's 3 numbers behind the decimal place. This may not help you solve the problem itself, but this tells you here (ignoring the 1, that will be taken out immediately while solving and turned into a 0) that you will have 3 numbers placed from the tenths place all the way to the thousandths place.

Basically, this tells you that you'll have three decimal places to the right of the decimal. 

As for rewriting your problem to better show this, that's simple too.

All you have to do is simple multiplication, just in the tenths place. How? You know that 6*4 (referring to .6 and .4) is 24, that means that .6*.4 will be .24

How does this support your answer before? .24 has TWO numbers to the right of the decimal. That's TWO decimal places. With the .9 in 1.9, that's still THREE decimal places to the right of the decimal, and your answer would be the same.

So, here's it re-written.
1.9*.24=X

~Hope this helps!


4 0
4 years ago
How to find trigonomic ratio ​
ycow [4]

Answer:divide the opposite sides, by the length of the hypotenuse. To get the cosine, divide the length of the adjacent side,by the length of the hypotenuse.

Step-by-step explanation:

divide the opposite sides, by the length of the hypotenuse. To get the cosine, divide the length of the adjacent side,by the length of the hypotenuse.

7 0
4 years ago
Item 18
nasty-shy [4]

The first thing we have to do is to calculate the midpoint of the min and max speeds. We are given that the min and max is 74 and 95 respectively. The midpoint is then calculated as (max+min) / 2. Therefore:

midpoint = (74 + 95) / 2 = 84.5

 

Next, we calculate the distance from the midpoint to the endpoint by doing subtraction. Therefore:

min endpoint: 84.5 – 74 = 10.5

max endpoint: 95 – 84.5 = 10.5

 

Now we know that v minus the midpoint will equal the distance such that:

| v - midpoint | = distance.

To our problem,

| v – 84.5 | = 10.5

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3 years ago
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ZanzabumX [31]
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7 0
3 years ago
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A group of friends were working on a student film that had a budget of $1140. They used 65% of their budget on costumes. How muc
Stells [14]

Answer:

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Step-by-step explanation:

Write 65% as

65/100

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65/100 of 1140 = 65/100× 1140

Therefore, the answer is 741

If you are using a calculator, simply enter 65÷100×1140 which will give you 741 as the answer.

4 0
3 years ago
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