This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Welcome back Judith — missed you this week. Here's the solution to your homework question: a) Calculate the percentage depreciation. Step 1: Calculate the depreciation amount. The car was bought for \8,000 and sold for \7,000. Depreciation = Original Price - Selling Price Depreciation = \8,000 - \7,000 = \1,000 Step 2: Calculate the percentage depreciation. Percentage Depreciation = DepreciationOriginal Price × 100\% Percentage Depreciation = (\1,000)/(\8,000) × 100\% Percentage Depreciation = 0.125 × 100\% = 12.5\% b) Mr. Kwame did some maintenance work on the car costing him \500 and sold it at a profit of 8\% to Kojo. i) Kwame's profit. Step 1: Calculate Kwame's total cost. Kwame bought the car for \7,000 and spent \500 on maintenance. Kwame's Total Cost = Purchase Price + Maintenance Cost Kwame's Total Cost = \7,000 + \500 = \7,500 Step 2: Calculate Kwame's profit amount. Kwame sold the car at an 8\% profit on his total cost. Kwame's Profit = Kwame's Total Cost × Profit Percentage Kwame's Profit = \7,500 × 0.08 Kwame's Profit = \600 ii) How much did Kojo buy the car for? Step 1: Calculate Kwame's selling price to Kojo. This is Kwame's total cost plus his profit. Kwame's Selling Price = Kwame's Total Cost + Kwame's Profit Kwame's Selling Price = \7,500 + \600 Kwame's Selling Price = \8,100 Therefore, Kojo bought the car for \8,100$. Send me the next one 📸