Let us assume the number to be = x
Then
(80/100) * x = 56
4x/5 = 56
4x = 56 * 5
4x = 280
x = 280/4
= 70
The value of the unknown number is 70. I hope the procedure is clear enough for you to understand. You can always use this method for solving similar problems in future without requiring any help from outside. Only thing that needs to be taken care of is the calculation part.
Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given


Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.

This gives:

Collect Like Terms


Solve for P


This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:



<em>Hence, the equilibrium quantity is 26.4</em>