SOLUTION: By not negotiating the price of your first car purchase, you have a $1,000 "bad" money burn. How long would it take you to earn back the thousand dollars you just threw away if you

Question 950822: By not negotiating the price of your first car purchase, you have a $1,000 "bad" money burn. How long would it take you to earn back the thousand dollars you just threw away if you take home $10.00 per hour??
thanks for the help!
A. 100 hours?
B. 10 hours?
C. 200 hours?
D. 20 hours?
It doesn't say how much hours I would work a week so that's why I am confused.
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
(wage)*(number of hours) = total amount

($10 an hour)*(x hours) = $1000

10x = 100

10x/10 = 1000/10

x = 100

It will take you 100 hours (which is a little over 4 straight days of working nonstop)
------------------------------------------------------------------------------------------------------------------------

If you need more one-on-one help, email me at jim_thompson5910@hotmail.com. You can ask me a few more questions for free, but afterwards, I would charge you ($2 a problem to have steps shown or $1 a problem for answer only).

Alternatively, please consider visiting my website: http://www.freewebs.com/jimthompson5910/home.html and making a donation. Any amount is greatly appreciated as it helps me a lot. This donation is to support free tutoring. Thank you.

Jim
------------------------------------------------------------------------------------------------------------------------
RELATED QUESTIONS
Suppose you were given $600 from your uncle. You deposited that money in a bank and added (answered by josgarithmetic)

Suppose that you want to purchase a used car for $12000. You currently have $8000. If you (answered by Theo)

You want to purchase a boat but you need $45000.If you could invest your entire saving of (answered by jorel555)

You have a good credit score, $100,000 for a down payment, and $2,500 per month available (answered by Theo)

You are the owner of four Taco Bell restaurant locations. You have a business loan with... (answered by Theo)

Initial budget: $80,000 loan from family $38,250small business loan from bank A:... (answered by Targetweek)

You take out a loan of $15,000 to purchase a car. If your loan is for 3 years at a... (answered by Boreal,MathTherapy)

You are saving to buy your first new car priced at $19,000! You have already saved... (answered by macston)

You make a purchase at a local furniture store, but what you bought is too big to take... (answered by Scott713)