The commission percent is 4%
Take (commission / sales) *100
Answer:
1.) 9.2
2.)
625
633
the dealer
8.81
Step-by-step explanation:
I'm gonna assume that cm= compounded monthly
1.)
effective rate: .153/12= .01275
x= payments

2.)
If there is no interest rate attached to financing through the deal the payment is just
37500/60 = 625
The monthly payment from the bank has a present value of 37500-3000=34500
and the effective rate is .039/12= .00325

Finally, the amount we save is just the difference
633.81-625=8.81
Answer:
16 bicycles and 21 tricycles
Step-by-step explanation:
Both bicycles and tricycles have 1 set of handlebars. Bicycles have 2 wheels while tricycles have 3.
Using this information, set up a system of equations, where b is the number of bicycles and t is the number of tricycles:
b + t = 37
2b + 3t = 95
Solve by elimination by multiplying the top equation by -2:
-2b - 2t = -74
2b + 3t = 95
t = 21
Then, plug in 21 as t into one of the equations:
b + t = 37
b + 21 = 37
b = 16
So, there are 16 bicycles and 21 tricycles
Answer:
5
Step-by-step explanation:
( divide numerator and denominator by 5 ) , then
=
( with missing number ? = 5 )
Answer:
2yrs
Step-by-step explanation:
Given parameters:
Amount of interest earned = $40
Principal = $400
Interest rate = 5%
Unknown:
Time taken for the money to be in bank = ?
Solution:
The formula for interest is given as:
I =
Where I is the interest
P is the principal
R is the rate
T is the time
So;
100I = PRT
T =
=
= 2yrs