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Korvikt [17]
3 years ago
15

Robert is selling his bulldozer at a heavy equipment auction. The auction company receives a commission of 5% of the selling pri

ce. If Robert owes $124,850 on the bulldozer, then what must the bulldozer sell for in order for him to be able to pay it off?
Mathematics
1 answer:
kifflom [539]3 years ago
4 0

Answer:

$131422

Step-by-step explanation:

Given :

Amount owed = $124,850

Commison on sale = 5%

Let :

Sale price of bulldozer = x

Sale price = amount owed + 5% of sale price

x = 124850 + 0.05*x

x = 124850 + 0.05x

x - 0.05x = 124850

0.95x = 124850

x = 124850 / 0.95

x = 131421.05263

To the nearest dollar = $131422

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Answer:

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Step-by-step explanation:

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Demand in economics is how much the consumer is willing to buy the product that is being sold.

A sentence using the two words quantity and demand about concert tickets would look something like this: "The demand was so high for the concert tickets, that the concert manager posted a tweet on social media saying that the quantity they had, wasn't enough for the amount of people that wanted to buy some of the concert tickets."

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Galina-37 [17]
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