A store owner buys backpacks at a certain price and sells them at a higher price. The difference is called the markup. If she pa
2 answers:
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<h2><u>EQUATION</u></h2><h3>Exercise</h3>
2(3 + 3y) + y = 11
First, apply the distributive property:
2(3 + 3y) + y = 11
6 + 6y + y = 11
6 + 7y = 11
Substract 6 from both sides:
6 - 6 + 7y = 11 - 6
7y = 5
Divide both sides by 7:
Answer:
option (c) 475
Step-by-step explanation:
let the automobile installment credit be 'C'
Given:.
Automobile installment credit accounted for 36 percent of all outstanding consumer installment credit
Now,
57 billion is of automobile installment credit
or
57 billion = × C
or
C = 57 × 3
or
C = 171 billion
now,
installment credit accounted = 36% of all outstanding consumer installment credit
or
171 billion = 0.36 × all outstanding consumer installment credit
or
All outstanding consumer installment credit = $475 billion
Hence, the correct answer is option (c) 475