Find the selling price: cost of sled is $99.50 the markup is 95%
2 answers:
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Answer:
1. 0.8 cm
2. 1.6 cm
Step-by-step explanation:
1.
The scale for 2nd map is 1 cm to 50 km, that means "1 cm on map" is "50 km in real life".
We already know distance from Cleveland to Cincinnati is 40 km, which is less than 50, so we know the distance on map would be less than 1 cm.
So we set up ratio and figure out (let x be distance on map from Cleveland to Cincinnati):
Hene, 0.8 centimeters would be the distance in 2nd map
2.
A scale of 1:50 means 1 cm equal 50 cm
So, 0.8m would be
0.8 * 100 = 80 cm
Hence, 80 cm would be represented by 80/50 on the map, that is:
That is 1.6 centimeters
Answer:
12%
Step-by-step explanation:
The equation for the growth is ...
f(t) = (initial value)×(growth multiplier per period)^(number of periods)
where the growth multiplier is often expressed as a percentage added to 1:
multiplier = 1+r
growth rate = r
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This equation has two unknowns:
- initial value
- growth multiplier
In order to find these, you can make use of two of the supplied data points. I like to choose the ones that are farthest apart, as they tend to average out any errors due to rounding.
Clearly, the table tells you the initial value is 210. If you don't believe, you can put the numbers in the equation to see that:
f(0) = (initial value)×(growth multiplier)^0
210 = (initial value)×1
(initial value) = 210
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Using the last data point, we get ...
f(7) = 210×(growth multiplier)^7
464 = 210×(growth multiplier)^7 . . . . . . . . . fill in table value
2.209524 = (growth multiplier)^7 . . . . . . . divide by 210
You can solve this a couple of ways. My calculator is able to take the 7th root, so I can use it to find ...
Alternatively, you can use the 1/7 power:
2.209524^(1/7) = (growth multiplier)
Another way to solve this is to use logarithms:
log(2.209524) = 7×log(growth multiplier) . . . . . take the log
log(2.209524)/7 = log(growth multiplier) . . . . . divide by 7
0.04918553 ≈ log(growth multiplier)
growth multiplier = 10^0.04918553 ≈ 1.11992 . . . . take the antilog
So, our growth multiplier is ...
1 + r ≈ 1.11992
r ≈ .11992 ≈ 12.0%
The rate of growth is about 12% in each period.
_____
Collapsing all of that to a single calculation:
growth rate = (464/210)^(1/(7-0)) -1 ≈ 12.0%
