The percent increase is 12.5%, 800 multiplied by 0.125 equals 100 and 100+800=900.
Let the cost of the hair dryer equal x.
The net cost plus a 40% markup equals 42, set up an equation and solve forex.
1.4x = 42
Divide both sides by 1.4
X = 42 / 1.4
X = 30
The net cost was £30
Answer:
minimum of 13 chairs must be sold to reach a target of $6500
and a max of 20 chairs can be solved.
Step-by-step explanation:
Given that:
Price of chair = $150
Price of table = $400
Let the number of chairs be denoted by c and tables by t,
According to given condition:
t + c = 30 ----------- eq1
t(150) + c(400) = 6500 ------ eq2
Given that:
10 tables were sold so:
t = 10
Putting in eq1
c = 20 (max)
As the minimum target is $6500 so from eq2
10(150) + 400c = 6500
400c = 6500 - 1500
400c = 5000
c = 5000/400
c = 12.5
by rounding off
c = 13
So a minimum of 13 chairs must be sold to reach a target of $6500
i hope it will help you!
