This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Right Chiomzy, let's go.
Problem 9b:
Step 1: The problem states that a profit of 23% was made on an article bought for ₦4,800.00. We need to find the selling price.
Step 2: The cost price (CP) is ₦4,800.00. The profit percentage is 23%.
Step 3: The selling price (SP) can be calculated as CP + (Profit % of CP).
Step 4: Calculate the profit amount:
$$ \text{Profit amount} = 23\% \text{ of } \text{₦}4,800.00 = \frac{23}{100} \times 4800 $$
$$ \text{Profit amount} = 23 \times 48 = \text{₦}1,104.00 $$
Step 5: Calculate the selling price:
$$ \text{Selling Price} = \text{Cost Price} + \text{Profit amount} $$
$$ \text{Selling Price} = \text{₦}4,800.00 + \text{₦}1,104.00 = \text{₦}5,904.00 $$
The selling price was $\boxed{\text{₦}5,904.00}$.
Problem 10b:
Step 1: The problem states a man bought a textbook for ₦1,680.00 and sold it for ₦1,200.00. We need to find his percentage loss.
Step 2: The cost price (CP) is ₦1,680.00. The selling price (SP) is ₦1,200.00.
Step 3: Since SP < CP, there is a loss. Calculate the loss amount:
$$ \text{Loss} = \text{Cost Price} - \text{Selling Price} $$
$$ \text{Loss} = \text{₦}1,680.00 - \text{₦}1,200.00 = \text{₦}480.00 $$
Step 4: Calculate the percentage loss using the formula:
$$ \text{Percentage Loss} = \frac{\text{Loss}}{\text{Cost Price}} \times 100\% $$
$$ \text{Percentage Loss} = \frac{480}{1680} \times 100\% $$
Step 5: Simplify the fraction:
$$ \text{Percentage Loss} = \frac{48}{168} \times 100\% = \frac{12}{42} \times 100\% = \frac{2}{7} \times 100\% $$
Step 6: Calculate the percentage:
$$ \text{Percentage Loss} = \frac{200}{7}\% \approx 28.57\% $$
His percentage loss is $\boxed{28.57\%}$.
Problem 11b:
Step 1: The problem asks to evaluate $\sqrt{3\frac{1}{16}}$.
Step 2: First, convert the mixed number to an improper fraction.
$$ 3\frac{1}{16} = \frac{(3 \times 16) + 1}{16} = \frac{48 + 1}{16} = \frac{49}{16} $$
Step 3: Now, substitute this improper fraction back into the square root expression:
$$ \sqrt{\frac{49}{16}} $$
Step 4: Apply the property of square roots that $\sqrt{\frac{a}{b}} = \frac{\sqrt{a}}{\sqrt{b}}$:
$$ \frac{\sqrt{49}}{\sqrt{16}} $$
Step 5: Calculate the square roots of the numerator and the denominator:
$$ \sqrt{49} = 7 $$
$$ \sqrt{16} = 4 $$
Step 6: Substitute these values back to get the final fraction:
$$ \frac{7}{4} $$
Step 7: Convert the improper fraction to a mixed number (optional, but often preferred for final answers):
$$ \frac{7}{4} = 1\frac{3}{4} $$
The value is $\boxed{1\frac{3}{4}}$ or $\boxed{\frac{7}{4}}$.
Problem 12b:
Step 1: The problem asks to find the average of the data set: 15, 25, 5, 45, 55, 65.
Step 2: The formula for the average (mean) is the sum of all values divided by the number of values.
Step 3: Sum the given values:
$$ \text{Sum} = 15 + 25 + 5 + 45 + 55 + 65 $$
$$ \text{Sum} = 40 + 5 + 45 + 55 + 65 $$
$$ \text{Sum} = 45 + 45 + 55 + 65 $$
$$ \text{Sum} = 90 + 55 + 65 $$
$$ \text{Sum} = 145 + 65 = 210 $$
Step 4: Count the number of values in the data set. There are 6 values.
Step 5: Divide the sum by the number of values:
$$ \text{Average} = \frac{210}{6} $$
$$ \text{Average} = 35 $$
The average of the data is $\boxed{35}$.
What's next? 📸
The problem states that a profit of 23% was made on an article bought for ₦4,800.00. We need to find the selling price.
|Business/Management
The problem states that a profit of 23% was made on an article bought for ₦4,800.00. We need to find the selling price.
ScanSolve AI Answer
Right Chiomzy, let's go.
Problem 9b:
Step 1: The problem states that a profit of 23% was made on an article bought for ₦4,800.00. We need to find the selling price.
Step 2: The cost price (CP) is ₦4,800.00. The profit percentage is 23%.
Step 3: The selling price (SP) can be calculated as CP + (Profit % of CP).
Step 4: Calculate the profit amount:
Profitamount=23%of₦4,800.00=10023×4800Profitamount=23×48=₦1,104.00
Step 5: Calculate the selling price:
SellingPrice=CostPrice+ProfitamountSellingPrice=₦4,800.00+₦1,104.00=₦5,904.00
The selling price was ₦5,904.00.
Problem 10b:
Step 1: The problem states a man bought a textbook for ₦1,680.00 and sold it for ₦1,200.00. We need to find his percentage loss.
Step 2: The cost price (CP) is ₦1,680.00. The selling price (SP) is ₦1,200.00.
Step 3: Since SP < CP, there is a loss. Calculate the loss amount:
Loss=CostPrice−SellingPriceLoss=₦1,680.00−₦1,200.00=₦480.00
Step 4: Calculate the percentage loss using the formula:
PercentageLoss=CostPriceLoss×100%PercentageLoss=1680480×100%
Step 5: Simplify the fraction:
PercentageLoss=16848×100%=4212×100%=72×100%
Step 6: Calculate the percentage:
PercentageLoss=7200%≈28.57%
His percentage loss is 28.57%.
Problem 11b:
Step 1: The problem asks to evaluate 3161.
Step 2: First, convert the mixed number to an improper fraction.
3161=16(3×16)+1=1648+1=1649
Step 3: Now, substitute this improper fraction back into the square root expression:
1649
Step 4: Apply the property of square roots that ba=ba:
1649
Step 5: Calculate the square roots of the numerator and the denominator:
49=716=4
Step 6: Substitute these values back to get the final fraction:
47
Step 7: Convert the improper fraction to a mixed number (optional, but often preferred for final answers):
47=143
The value is 143 or 47.
Problem 12b:
Step 1: The problem asks to find the average of the data set: 15, 25, 5, 45, 55, 65.
Step 2: The formula for the average (mean) is the sum of all values divided by the number of values.
Step 3: Sum the given values:
Sum=15+25+5+45+55+65Sum=40+5+45+55+65Sum=45+45+55+65Sum=90+55+65Sum=145+65=210
Step 4: Count the number of values in the data set. There are 6 values.
Step 5: Divide the sum by the number of values:
Average=6210Average=35
The average of the data is 35.
What's next? 📸
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