Questions on Word Problems: Money, Business and Interest answered by real tutors!

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 116355: Solve the problem.
A salesperson has two job offers. Company A offers a weekly salary of $200 plus commission of 10% of sales. Company B offers a weekly salary of $400 plus commission of 5% of sales. What is the amount of sales above which Company A's offer is the better of the two?
Click here to see answer by heidi(17)

Question 116478: Please assist me with the following question...thank you
Cliff Swatner is single, 33, and owns a condominium in New York City worth $250,000. Cliff is an attorney and doing well financially. His income last year exceeded $90,000, and he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He made his selections on the basis of articles he read describing good investment opportunities. Some have worked well for Cliff, but others have not. Cliff has never taken the time to evaluate his portfolio performance, but he feels it isn't very good. Cliff currently has about $90,000 invested. He has been dating a woman lately and hopes to marry her in three years, at which time he will need $20,000 for marriage expenses and a honeymoon. Cliff's only other objective is to accumulate funds for retirement, but he does not have a specific dollar target for this goal. Cliff feels that he has a moderate risk-tolerance level.
Explain some disadvantages of Cliff's current investment approach.
Construct a portfolio for Cliff, limiting your selections to mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar amounts for each portfolio component. Make sure your plan also explains your selections for each portfolio component.
Explain how Cliff should periodically rebalance his portfolio, indicating how frequently rebalancing should be done.
SHOW ALL WORK FOR EACH ASSIGNMENT AND EXPLAIN EACH STEP CAREFULLY.

Click here to see answer by bucky(2189)

Question 117050: THERE ARE 850 DOUGLAS FIR AND HEMLOCK TREES IN A SECTION OF FOREST BOUGHT BY SAWZ LOGGING CO. THE COMPANY PAID AN AVERAGE OF $300 FOR EACH DOUGLAS FIR AND $225 FOR EACH PONDEROSA PINE. IF THE COMPANY PAID $217,500 FOR THE TREES, HOW MANY OF EACH KIND DID THE COMPANY BUY?
Click here to see answer by checkley71(8403)

Question 117052: JACK INVESTED $5000 IN A TIME DEPOSIT. WHAT INTEREST WILL HE EARN FOR 1 YEAR IF THE INTEREST RATE IS 6.5%?
Click here to see answer by checkley71(8403)

Question 117076: james wants to buy a camper. he must finance 17000, he will have to make 36 monthly payments of 500. what finance charge will he pay?
Click here to see answer by bucky(2189)

Question 117100: Janet invested 10,000, part at 15% and part at 7%. If the total interest at the end of the year is $1,260, how much did she invest @ 15%?
a) 3,000
b) 8,000
c) 7,000
d) 6,000
Show all work
Click here to see answer by ptaylor(2048)

Question 117196: Ace bought a jacket for $36. This was a reduction in price of 21%. What was the price of the jacket?
Click here to see answer by checkley71(8403)

Question 117248: ms. jones has been given a loan of $2500 for 1 year. if the interest charged is $275, what is the interest rate on the loan?
Click here to see answer by checkley71(8403)

Question 117592: The word problem in question is.....
Phil is making a starbucks run or his exhausted Math 105 classes. He is going to buy a combination of lattes and cappuccinos. The lattes cost $4 each and the Cappucinos cost $3 each. If he needs 30 drinks total and has $100 to spend how many of each should he buy.
I have figured out that he should buy 20 cappuccinos at $3 each and 10 lattes at $4 each which totals $100.00
The trouble that I have run into is I cant figure out how I got that and what formula to set up for this probelm.
Can you please help? Thank you so much!!!!
Click here to see answer by stanbon(57282)

Question 117542: Solve each of the following applications
1.Ms. Jones has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan.
2. Asurvey of 400 people found that 66 were left-handed. What percent of those surveyed were left-handed? my answer was 264. am I correct and how do I set the problem up?
3. The electricity costs of a business decreased from $12,000 one year to $10,920 the next, what is the rate of decrease?
4. If the total bill at a restaurant, including a 15% tip, is $65.32, what was the cost of the meal alone? My answer is $55.52 but how do I set the problem up?
Thanks
Click here to see answer by stanbon(57282)

Question 117864: This problem does not tell me how many tickets were for adults and how many for a child. How can I tell this?
solve and check your answer
Tickets for a play at the community theater cost $12 for an adult and $4 for a child. If 130 tickets were sold and the total receipts were $840, how many of each type of ticket were sold?
Click here to see answer by stanbon(57282)

Question 117874: Business and finance. The demand equation for a certain type of printer is given by D=-200p + 35,000

The supply equation is predicted to be s=-p^+400p-20,000

Find the equilibrium price.

Click here to see answer by stanbon(57282)

Question 117905: solve and check
what amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15$ anually?
I came up with $1230 but not sure how to set the problem up.
8200=1*15x
x=
am I going in the right direction
Click here to see answer by stanbon(57282)

Question 117948: I have a monthly payment to my HOA of $449.00. Of the HOA my percentage of ownership in the entire condominium complex is .194%. What is the total amount of fees collected by the HOA for a month.
Click here to see answer by stanbon(57282)

Question 117956: recovering golf balls,
Susan and Joan are diving for golf balls in a large water trap. susan recovers a ball every 0.016 hour while joan recovers a ball every 0.025 hour. If both are working, then at what rate (in golf ball er hour) are they recovering golf balls.
Thank you for your help have a very nice holiday
Click here to see answer by stanbon(57282)

Question 117957: Farmland conversion
The amount of frmland in the US is decreasing by one acre every 0.00876 hours as farmland is being converted to nonfarm use (american farmland trust, www.farmland.org) at what rate in acres per day is the farmland decreasing?

thank you
Click here to see answer by checkley71(8403)

Question 117955: Forensics, A forensic scientist uses the expression 72.6 - 2.5T to estimate the height in centimeters of a female with a tibia of length T centimeters. If a female skeleton has a tibia of of length 32.4 cm, then what was the height of the person? Find the length of your tibia in centimeters, and use the expression from this exercise or the previous to extimate your height.
My height is 5' 1 1/2. the other exercise was not assigned only this one

Thank you
Click here to see answer by checkley71(8403)

Question 117987: What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?
Click here to see answer by stanbon(57282)

Question 117995: Pens and pencils. A bookstore manager plans to spend $60 on pens at 30 cents each, an penicils at 10 cents each. The equation 0.10x + 0.30y= 60 can be used to model this situation.
A) what do x and Y represent? ---> I said x represent the cost of pencils, and y represent the cost of pens
b) Graph the equation
c) write the equation in slope-intercept form ---> 30y=0.10x+60
d)What is the slope of the line? ---> 0.10x (pencils)
e) What does the slope tell you? ---> how many pencils were sold at 0.10 (I think)
Click here to see answer by ptaylor(2048)

Question 118011: Pen and pencils.
a bookstore manager plans to spend $60 on pens at 30 cents each and pencils at 10 cents each. The equation 0.10x+0.30y=60 can be used to model this situation.
a) who x and y represent?
b) graph the equation.
c) write the equation in slope-intercept form.
d) what is the slope of the line?
e) what does the slope tell you?
the answer i got was
a) x= # of pencils y= # of pens
this is what I got so far
Click here to see answer by MathLover1(6625)

Question 118014: Basal energy requirement. The basal energy requirement B is the number of calories that a person needs to maintain the life process. For a 28-yeaar-old female with a height of 160 centimeters and a weight of 45 kilograms(kg), B is 1300 calories. If her weight increases to 50 kg, then B is 1365 calories. There is a linear equation that expresses B in terms of her weight w. Find the equation and fiind the basal energy requirement if her weight is 53.2 kg.

Click here to see answer by stanbon(57282)

Question 118088: A stamp collection consists of 5, 13, and 18 cent stamps. The number of 13 cent stamps is one less than twice the number of 5 cent stamps. The number of 18 cent stamps is five more than the number of 13 cent stamps. The total value of all the stamps is $2.60. Find the number of 13 cent stamps in the collection.
This is what I had tried to figure out
5 cent stamp = X
13 cent stamp = 2x-1
18 cent stamp = 2x-1+5
x=2x-1=2x-1+5 = 2.60
Click here to see answer by stanbon(57282)

Question 118481: Tina, Dawn and Harry have $1175 together. Tina has three times as much money as Dawn. Dawn has twice as much money as Harry. How much money does each have?
Click here to see answer by stanbon(57282)

Question 118642: Sales commission. Danielle sold her house through an ageng who charged 8% of the selling price. After the commission was paid, donielle received $117,760. If x is the selling price, then x satisfies x - 0.08x = 117,760
Solve this equation to find the selling price.
Thank you

Click here to see answer by jim_thompson5910(28536)

Question 118957: the math club bought 16 graphing calcaulators for $765. the super x model cost $40 and the super zx costs . how ,many super zx calcualtors were purchased?
Click here to see answer by checkley71(8403)

Question 118949: many likes to buy two different kinds of strings for the guitar . the slinky costs $3.50 for each set and the slippys cost $4.50 for each set. how many of the slippys did he buy if he spent $41 ona total of $10 sets of strings.
Click here to see answer by mayank(15)

Question 119018: can you please help me with this
john rents a car for $85 a week plus $0.26per mile.how far can he travel on a budget of $215

thanks alot
Click here to see answer by ankor@dixie-net.com(15645)

Question 119105: In his will a man leaves one half of his money to his wife, one half of what is then left ot his older child, and one half of what is then left to his younger child. His tow cousins divide the remainder of the money in the man's will?
Click here to see answer by solver91311(16872)

Question 119243: Your cousin installs weather stripping for x dollars per foot and insulation for (x + 5) dollars per foot. This week he installed 480 feet of weather and stripping and 2200 feet of insulation. His expenses are 7500$. His profit is 11,540$. Find the prices your cousin charges to install insulation and weather stripping.
Click here to see answer by stanbon(57282)

Question 119284: The student council of Sta. Lucia High School needed $2,250 for an annual trip. If five more members joined the group, each member would then save $5. How many students planned to make the trip?
Click here to see answer by Fombitz(13828)

Question 119618: Imani spent half of her weekly allowance playing mini-golf. To earn more money her parents let her wash the car for $4. What is her weekly allowance if she ended with $12. Thank you in advance.
Click here to see answer by josmiceli(9664)

Question 119799: Kermit and Miss Piggy wish to invest $5,000 ,part at 8% simple interest,and the rest at 14% simple interest. If they must earn $610 in interest by the end of one year,how much should they invest at each rate?
I need the equations.
& please solve this for me if you can.
thank you very much.
I appreciate it. : )

Click here to see answer by stanbon(57282)

Question 119798: Sam has $10,000 to invest. He will put the money into 2 accounts,one that earns 10% simple interest,and one that earns 12% simple interest. If he wants to have $1160.00 in interest at the end of the year,how much should he invest in each account?
I need the two equations only.
I do not know how to set the equations up.
I can take it from there.
thank you very much : )
Click here to see answer by stanbon(57282)

Question 119826: Kermit and Miss piggy wish to invest $5,000. Part at 8% simple interest and the rest at 14% simple interest. If they must earn $610 in interest by the end of one year,how much should they invest at each rate?
Click here to see answer by checkley71(8403)

Question 119988:
Ed owns 2 shops. This year the telephone bill for the Montrose shop was $660 less than twice the telephone bill for his Lamont shop. The total telephone expense for both shops was $1494. What was the cost of each shops telephone service for the year?
Yearly bill for Montrose Shop?
Yearly bill for the Lamont Shop?
Click here to see answer by checkley71(8403)

Question 120102: A manufacturer makes an article for $18.50. He sells it to a dealer making a profit of 40% of the cost. The dealer sells the article making 50% profit of her cost. What is the price charged by the dealer?
Click here to see answer by josmiceli(9664)

Question 120365: A garden supply store sells two types of lawn mowers. Total sales of mowers for the year were $8379.70. The total number of mowers sold was 30. The small mower costs $249.99. The large mower costs $329.99. Find the number sold of each type of mower.
What is the answer to this problem and how do you solve it?
Click here to see answer by stanbon(57282)

Question 120410: A ship cruising on a river can travel the 135-mile distance between two cities in 15 hours when cruising against the current. When cruising with the current,the trip takes 5 fewer hours. Write and solve a system of equations to find the speed of the current and of the ship in still water.
Click here to see answer by ankor@dixie-net.com(15645)

Question 120582: In the period of a year, an investor lost twice as much as he gained. If he originally had $10,000 and now has $8000, what amount did he gain and what did he lose?
Click here to see answer by josmiceli(9664)

Question 120595: An investment of $1500 paid interest of $45 during a certain period.How much interest would an investment of $2000 invested at the same rate for the same length of time pay?
Click here to see answer by checkley71(8403)

Question 120594: An investment of $1500 paid interest of $45 during a certain period.How much interest would an investment of $2000 invested at the same rate for the same length of time pay?
Click here to see answer by checkley71(8403)

Question 120935: Sales tax in Pennsylvania is 6%. Create an equation for the total price (cost plus tax) of a purchase in PA in terms of its cost. How much would a person pay for a car whose cost is $32,000?
Click here to see answer by checkley71(8403)

Question 121135: Why is this so hard for me to finish. I don't know why I am coming up with a negative answer....
Mr. Tiny firm has fixed costs of $50,000 variable costs per unit of $4, and a selling price per unit of $9. What is Mr. Tiny's breakeven level of sales (in units)?
Click here to see answer by Edwin McCravy(8893)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650