Answer:
The merchant buys 30 shirts originally.
Step-by-step explanation:
Let us assume that the merchant bought x numbers of shirts in $120.
So, the cost for each shirt is $
.
Now, if the cost for each shirt is reduced by 1$, then he would have bought 10 shirts more i.e. (x + 10) shirts in $120.
So, we can write the following equation as
⇒(120 - x)(x + 10) = 120x
⇒ 120x - 10x + 1200 - x² = 120x
⇒ x² +10x - 1200 = 0
⇒ x² + 40x - 30x - 1200 = 0
⇒(x + 40)(x - 30) = 0
⇒ x = - 40 or x = 30
But x can not be negative.
Hence, the merchant buys 30 shirts originally. (Answer)
9514 1404 393
Answer:
3 months
Step-by-step explanation:
We don't know what's on your list of "useful financial formulas." One that can be used here is the formula for simple interest:
I = Prt . . . . . interest on principal P at annual rate r for t years
Solving for t gives ...
t = I/(Pr)
Filling in the given values, we can find t to be ...
t = 138/(4800×0.115) = 138/552 = 1/4
1/4 year is 3 months -- the duration of the loan.
Answer:
27 chocolate cake and 12 pecan cake
Step-by-step explanation: