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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 254782: How much coffee costing 3$ a pound should be mixed with 5 pounds of coffee costing $3.50 to obtain a mixture costing $3.25 a pound?
Click here to see answer by palanisamy(496)

Question 254829: how to get the total price of a business problem if the discounted price is given.
Click here to see answer by richwmiller(9135)

Question 254921: Company has a contract to sell 10,000 parts. Each part will sell for $45.50 apiece. There is a 20% probability that expeses will be $40,000 and an 80% probability that expenses will be $50,000. What is the expected pretax income for the firm's sales?
Click here to see answer by edjones(7569)

Question 255010: The total number of people at a football game was 5600. Field-side tickets were 40 dollars and end-zone tickets were 20 dollars. If the total amount of money received for the tickets was 184000 how many of each kind of ticket were sold.
Click here to see answer by richwmiller(9135)

Question 244686: Dandy Candy Co. mixes candy that costs $9 per pound with candy that costs $6.50 per pound. How many pounds of each are needed to make a 3-pound box that costs $25?
Click here to see answer by CharlesG2(828)

Question 255130: A total of $15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn $880 in interest per year from bonds. How much should be invested in each bond?
Click here to see answer by checkley77(12569)

Question 255354: A music dealer ran a sale of records and tapes. Records were sold at $7 each and tapes at $7.50 each. The dealer sold 60 more records than tapes for a total of $2160. How many records did the dealer sell?
Click here to see answer by checkley77(12569)

Question 255436: Michelle was working as a clerk in a clothing store. She made a mistake and charged the wrong sales tax. She should have charged 5%, but she charged 6%. The total amouint of money she collected for the day, including sales tax, was $620.10. How much money would she have collected if she charged the correct sales tax?
Click here to see answer by rfer(12654)

Question 255457: The Hartnett Corporation manufactures baseball bats with Sammy Sosa's autograph stamped on. Each bat sells for $13 and has a variable cost of $8. There is $20,000 in fixed costs involved in the production process.
a. Compute the break-even point in units.
b. Find the sales (in units) needed to earn a profit of $15,000

Click here to see answer by rfer(12654)

Question 255450: Nick has 3 times the money Stacey has and Lindsey has 4 times thes money that stacey has. If Rick's $120.00 is added to the group the average amt. of money the four have is $150. How much money does each person have?
Click here to see answer by rfer(12654)

Question 255584: Solving Simple Interest Problems
P=$1180, R=6%, and T= 2 years
what is the interest rate and what is the total of deposit and interest earned
Click here to see answer by palanisamy(496)

Question 255569: I need to find the total cost.
A meal is $32 with 5% sales tax and 20% tip.
Click here to see answer by PRMath(123)

Question 255636: Samson Corporation pays its employees on a graduated commission scale; 5% on the first $50,000 of sales, 5.5% on sales above $50,00.00 to $75,000.00, and 6% on sales over $75, 000.00. Gary's total sales for the fourth quarter were $192,500.00. What was Gary's commision?
Click here to see answer by Theo(3458)

Question 255833: Hello. I really need help on this word problem. i had tried so many different ways to try and solve it but i cannot get the right answer. I've asked everybody. Please help me.
Click here to see answer by ankor@dixie-net.com(15641)

Question 255881: You buy 3 pencils and 1 pen for $1.75. You buy 2 pencils and 2 pens for $2.50. How much will 5 pencils cost?
Click here to see answer by checkley77(12569)

Question 256211: A $5 roll of dimes has how may more coins than $10 roll quarters?
can yo please explain the method to solve the roll of coins problem?
Click here to see answer by solver91311(16872)

Question 256225: What is the formula for solving this: Sour balls are 2 cents each, and lollipops are 5 cents each. Sally spent $1 and got 35 pieces of candy. How many sour balls did she get?
Click here to see answer by scott8148(6628)

Question 256738: Shaylee and jon have 20 coins they would like to give to their Algebra teacher. If they are all quarters and nickels and have a value of $2.60 how many of each coin do they have.
Click here to see answer by richwmiller(9135)

Question 256761: Assume that on January 1st of this year you deposited $1,000 into a savings account that pays 8% interest. If the bank compounds interest annually, how much will you have in your account on January 1, 2012?
Click here to see answer by checkley77(12569)

Question 256842: I WANT TO HAVE $65000 COLLEGE FUND IN 10 YEARS. HOW MUCH WILL I HAVE TO DEPOSIT NOW ASSUMING I HAVE NO MONEY IN THE BANK AND THE APR OF 6% COMPOUNDED DAILY?
Click here to see answer by richwmiller(9135)

Question 256756: WHAT IS THE SOLUTION- $300 EARNING 4.5% INTEREST COMPOUNDED QUARTERLY FOR 3 YAERS
Click here to see answer by checkley77(12569)

Question 255973: If $2000 is invested at 10% simple annual interest, how much should be invested at 12% annual simple interest so that the total yearly income from both investments is $5000?

Click here to see answer by MRperkins(300)

Question 257134: Find the sale price. round to the nearest cent.
Regular price: $77
percent of discount:5%

Click here to see answer by nanana(3)

Question 257134: Find the sale price. round to the nearest cent.
Regular price: $77
percent of discount:5%

Click here to see answer by unlockmath(1599)

Question 257217: Three people decide to share the cost of a yacht. By bringing in a fourth partner, they can reduce the cost for each person by $4000. What is the total cost of the yacht?
Click here to see answer by drk(1908)

Question 257224: I submitted a problem and had forget my password. So here I am again. I need help with this problem I tried and not sure if the answer is correct
(3^3/3)^2 = 3^6/3^2 = 3^8 = 6561. Please help. Thanks you
Click here to see answer by drk(1908)

Question 257333: the cost of labor for producing x transmissions is L(x) = 0.3x^2 + 400x + 550 dollars, while the cost of materials is M(x) = 0.1x^2 + 50x + 800 dollars. write a polynomial T(x) that represents the total cost of materials and labor for producing x transmissions.
Click here to see answer by drk(1908)

Question 257536: Of the $50,000 that Natasha pocketed
on her last real estate deal, $20,000 went to charity. She
invested part of the remainder in Dreyfus New Leaders Fund
with an annual yield of 16% and the rest in Templeton
Growth Fund with an annual yield of 25%. If she made
$6060 on these investments in 1 year, then how much did she invest in each fund

Click here to see answer by checkley77(12569)

Question 257500: Ralph Chase plans to sell a piece of property for $180,000. He wants the money to be paid off in two ways, a short-term note at 11% interest and a long-term note at 8% interest. Find the amount of each note if the total annual interest paid is $17,400.
Click here to see answer by rfer(12654)

Question 257648: There is a house that is being sold at a sherrifs auction. The house was aprraised for $9000. The house can not be sold for less Than two thirds of the apprasied amount. What is the two thirds amount of the appraised value of the House
Click here to see answer by richwmiller(9135)

Question 257741: suppose u start saving today for a $45000 down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach for $45000 goal in 5 years.
an account with daily compounding and an APR of 4%

Click here to see answer by rfer(12654)

Question 257689: You deposit $25,000 in an account to accrue interest for 40 years. the account pays 4% compunded anually. Assume that the income tax on the earned interest is 30%. Which of the following plans produces a larger balance after all income tax is paid?
(A) the income tax on the interest that is earned is paid in one lump sum at the end of 40 years.
or
(B)The income tax on the interest that is earned each year is paid at the end of each year.

i know i am supposed to use the A=P(1+r/n)^nt equation, but im not sure where to put the information.
please help. thank you.
Click here to see answer by rfer(12654)

Question 257754: You want to have a $90,000 college fund in 11 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit.
An APR of 5% compounded daily.
Click here to see answer by rfer(12654)

Question 257673: Compute the compounded quarterly interest earned over 2 years time on 200.00 deposited into an acount earning 4 percent annually
Click here to see answer by rfer(12654)

Question 257799: You want to have a $90,000 college fund in 11 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit.
An APR of 5% compounded daily.
Click here to see answer by drk(1908)

Question 257814: A certificate of deposit for one year pays $221 simple interest on a principal of $3400. What is the interest rate being paid on this deposit?
Click here to see answer by rfer(12654)

Question 258073: A man borrowed $650 from the bank for one year. He paid $94.25 in interest. What was the rate of interest charged by the bank?
Click here to see answer by richwmiller(9135)

Question 258158: Charles spent $600 on a new bike. This was 2/3 of his saving. How much money was in his saving?
Click here to see answer by richwmiller(9135)

Question 258272: About how many years will it take for $6,000 to double at a simple interest rate of 2.25%?
Click here to see answer by richwmiller(9135)

Question 258380: On the first day, Joe joined a secret club as its only member. Each day after that, one more member joined than on the previous day. What was the membership of the club after 40 days?
((( I did this: 40 multiplied by 2 ; because it says each day after one more member joined than on the previous. So then I got 80 and added joe and got 81???)))
Click here to see answer by richwmiller(9135)

Question 258413: alicia murphy has a choice of two sizes of stain and varnish.the 237 milliliter can sells for 3.96 while the 946 milliliter can sells for 7.96 which size is better buy? what must she consider other than price?
Click here to see answer by richwmiller(9135)

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