Question

Kim has worked in the tech industry for some time and would like to start consulting. In opening her new business, she will need equipment. She needs to purchase 3 laptops, 2 desktop computers, and a fax machine. Each laptop costs $546.78, each desktop computer costs $1,255.99, and the cost of the fax machine is $125.99. She currently has $3,500 in her savings account. Determine if Kim has enough in her savings account to cover the expenses of her new company, and if she doesn't have enough, determine the amount needed to cover the cost. a. Kim can cover the cost with $315.25 left over. b. Kim can cover the cost with $477.68 left over. c. After expenses, Kim will need an additional $1,478.52 to start her company. d. After expenses, Kim will need an additional $778.31 to start her company.

Answer 1

Cost of 3 laptops
3×546.78
=1,640.34
Cost of 2 desktop computer
2×1,255.99
=2,511.98
Cost of fax machine
125.99
Total cost
(1,640.34+2,511.98+125.99)
=4,278.31
So Kim will need an additional 778.31 to start her business
4,278.31−3,500
=778.31

Answer 2

Answer:

After expenses, Kim will need an additional $778.31 to start her company.

Step-by-step explanation:

Since we are given that Kim needs to purchase 3 laptops, 2 desktop computers, and a fax machine.

Cost of 1 laptop  = $546.78

So, cost of 3 laptops = 3×546.78

                                  = $1,640.34

Cost of 1 desktop = $1,255.99

Cost of 2 desktop =2×1,255.99

                               =$2,511.98

Cost of 1 fax machine =  $125.99.

So, the total cost for Kim = 1,640.34+2,511.98+125.99 = 4278.31

Thus the total cost for setting up the new company is $4278.31

Since She has $3,500 in her savings account.

So Kim will need an additional to start her business = $4278.31-$3,500                

                                                                                       =$778.31

Hence,  After expenses, Kim will need an additional $778.31 to start her company.