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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 350295: A company plans to produce a CD by a popular rapper. The fixed cost is $500,000 and the variable cost is $0.50 per CD. The company sells each CD for $5. Let x represent the number of CD's produced and sold.How many disks must be sold for the company to break even and how many CD's must be sold for the company to make a profit of $750,000?

So far i have 500,000+(.5x) but Im not sure what to do next please help
Click here to see answer by solver91311(16897)

Question 350482: You want to buy a condo 5 years from now, and you plan to save $3.000 per year, beginning one year from today . Yoy will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now
Click here to see answer by tjhd(7)

Question 350518: Including 6% sales percent tax a car sold for $15370. What is the pretax cost of the car?
Click here to see answer by mananth(12270)

Question 350487: Your father is about to retire, and he wants to buy an annuity that will provide him with $50.000 of income per year for 20 year from today. The going rate on such annuities is 6% How much would it cost him to buy such an annuity today?
Click here to see answer by Theo(3472)

Question 350478: The U.S. Treasury offers to sell you a bond for $613.81 no payments will be made until the bond matures 10 years from now at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price
Click here to see answer by Theo(3472)

Question 350621: Total receipts from the sale of 300 tickets to a school musical were 1130. If student tickets cost $3 and adult tickets $5, how many student tickets were sold?
Click here to see answer by Fombitz(13828)

Question 350705: if you have $19.75 and a total of 100 coins, how many dimes is there?
Click here to see answer by ankor@dixie-net.com(15667)

Question 127251:
p is 900 r is 5% and t is 3 years. what is the compound interest?

Click here to see answer by aseem(9)

Question 350814: problem 1: A boy has P 116 annual income from his two savings accounts bearing 3 percent and 5 percent interest. Then he has 25 percent more of the 3 percent savings and 40 percent more of the 5 percent savings, thereby increasing his annual income by P 41. Find his initial investment in each type of savings.
pls. help me solve this problem. tnx
Click here to see answer by mananth(12270)

Question 350959: My professor gave the class this problem, "the problem of the day", which is optional to do. I would really like to know how to solve this problem, but dont know how to start it. I have a really hard time with word problems.
Albert goes into a store and says "Lend me as much money as I already have, and i will spend $20.00 in your store." The owner agrees, and Albert spends $20.00. Albert does the same thing at a second, third, and fourth store, with the owner agreeing each time. After this Albert has no money. What is the total debt to the four store owners?

a.)$48.50 b.)$57.75 c.)$61.25 d.)$69.75 e.)$75.00
Click here to see answer by ankor@dixie-net.com(15667)

Question 351028: The following computer spreadsheet shows data for two fee plans for use of racquet club. PLan A is a flat rate of $18 and hour for play. Plan B involves a beginning fee of $100 and hourly fee of $8. How many hours would you have to play in order for plan B to be the best plan for you?
Click here to see answer by mananth(12270)

Question 351052: Janet invested $26,000 part at 6% and part at 3%, if the total interest at the end of the year is $1,080, how much did she invest at 6%?
Click here to see answer by mananth(12270)

Question 351098: we have 2 button companies, company x charges 125 setup and 0.15 per button, company y charges 75 setup and 0.40 per button.
I am trying to figure out Each button will sell for 2.00, revenue for selling x buttons at 2.00 each 2x. solve an equitation to find break point for buttons for each company
Click here to see answer by mananth(12270)

Question 351114: PLS. HELP ME SOLVE THIS PROBLEM. TNX.
1. A man divides P100,000 among his three investments, at 4%, 5%, and 6% per annum, respectively. The total income is P4,900 per year. His income from the 5% and 6% investments exceeds the income at 4% by P 2,500. Find how much is invested at each rate.

Click here to see answer by Theo(3472)

Question 351142: Do a trade discount represent increase to the purchase price?
Click here to see answer by stanbon(57424)

Question 351104: we know there will be 105 students on a trip. there are twice as many students in the drama class as the FEA class, and 10 more students in the environmental club than the drama class.
I need to write an equation to find out how many students will be on the FEA trip.
Click here to see answer by scott8148(6628)

Question 351259: lola spends one third of her allowance on movies.she spends $8 at the movies. write and solve an equation to determine lola's weekly allowance.
Click here to see answer by rfer(12678)

Question 351244: Suppose you are given a 3 milliliter injection of a medication. After 4 hours, 10% of it has been flushed from your body. Find a function which describes the amount of medication in your body as a function of time.
Click here to see answer by Alan3354(30993)

Question 351507: chantell sold a total of 420 apples and oranges. the number of apples is 3x the number of oranges sold. how many oranges were sold
Click here to see answer by nerdybill(6963)

Question 351571: how much should i deposit to yeild $150000 at a compound intrese of 12% per month after 5 years please show working
Click here to see answer by Fombitz(13828)

Question 351765: Tim invested $86,600 in two plans. Plan 1 is at an APR of 6% and plan 2 is at an APR of 11%. If he invested $8,000.00 less in plan 2 than in plan 1, how much can he expect to earn in one year?
Click here to see answer by checkley77(12569)

Question 351781: A salesperson has two job offers. Company A offers a weekly salary of $630 plus commission of 18% of sales. Company B offers a weekly salary of $1260 plus commission of 9% 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 solver91311(16897)

Question 351745: A stero cost $677.25 after 7.5% sales tax. Find the price before tax.
I'm having issues with converting the sales tax to a decimal so that I can divide it into the total cost in order to find the price before taxes were applied in the form of a operational formula.
Click here to see answer by checkley77(12569)

Question 351736: Katerina Lubov inherited some money and invested it at 6% simple interest. At the end of the year, the total amount of her original principal and the interest was $12,720. How much did she originally invest?
Please let me know the process about this question.
Thanks

5
Click here to see answer by checkley77(12569)

Question 351711: Kate has a summer job as a swim instructor to earn her college tuition. she gets paid $8 per hour for the first 40 hours and $ 12 per hour for each hour in the week worked over 40 hours. Kate's goal is to earn at least $ 380 per week. How many hours overtime per week will she need to achive her goal?
Please help me
Thanks
Click here to see answer by checkley77(12569)

Question 351882: 300 tickets to a concert were sold. of these , 35 were sold at a 20% discount. the total sales came to $512.75 what was the undicounted price of a ticket
Click here to see answer by scott8148(6628)

Question 351853: if you are rounding to the nearest dollar how to you round $0.13
Click here to see answer by Laura664(1)

Question 352026: You are going to invest $30,000, part at 9% and part at 14%. What is the most that can be invested at 9% in order to make at least $3000 in interest per year?
Click here to see answer by checkley77(12569)

Question 352298: Miguel earns $8.00 per hour at his job.What is an expression for the number of dollars he earns for working n hours
Click here to see answer by vleith(2825)

Question 352502: how long will it take 4000$ to double itself if it is invested at 8% simple interest?
Click here to see answer by jim_thompson5910(28598)

Question 352538: 5. Ysabelle deposits P8000 in one simple interest account and P2000 in a second simple interest account. The interest rate on the P8000 account is 2% more than the rate on the P2000 account. If the total yearly amount of interest on the two accounts is P578, find the interest rate on each account.
6. If in Problem 5, the total yearly amount of interest earned on the P8000 account is P459 more than the interest earned on the P2000 account, find the interest rate on each account.
Click here to see answer by mananth(12270)

Question 352535: Suppose that you deposit P3000 at 7.5% (simple interest) and P5000 at 3.2% (simple interest). What will be the combined interest rate of the two investments?
Click here to see answer by Fombitz(13828)

Question 352616: The population mean waiting time of customers of the XYZ Burger chain is 3.4 minutes with a population standard deviation of 1.2 minutes. The customer service department found in a sample of 50 customers that the mean waiting time was 3.2 minutes. At the 4% significance level, can we conclude that the mean waiting time is different from the population mean?
Click here to see answer by stanbon(57424)

Question 352951: Carlos deposits $3000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 5 years?
Click here to see answer by jim_thompson5910(28598)

Question 352966: if prizes for a carnival are priced at 5 for 80 cents, how much would 250 prizes cost?
Click here to see answer by jim_thompson5910(28598)

Question 353288: Donny decides to manufacture and sell his band’s CD. It requires an investment of $3349 for computer
hardware and it will cost $3.65 for materials for each disk. If each CD sells for $13.50, how many must he
sell to break even?
Click here to see answer by rfer(12678)

Question 353379: Warren has 40 coins (all nickels, dimes and quarters) worth $4.05. He has 7 more nickels than dimes. How many quarters does Warren have? Could you please show equation?
Thank you
Click here to see answer by stanbon(57424)

Question 353617: Betty invests $12,000 in two plans. One pays 6% interest and the other pays 9% interest. If the total interest is $828, how much was invested in each plan?
Click here to see answer by ewatrrr(10682)

Question 353616: Billy invests $12,000. Part of it at 4% intrest and the rest at 5.5%. If his interest was $532.50 how much did he invest at each rate?
Click here to see answer by JBarnum(2044)

Question 353710: A theatre owner knows that she can sell 450 tickets if she charges $1 per ticket. She also knows that she can sell 400 tickets if she charges $2 per ticket, and, in general, she will sell 50 less tickets for each extra dollar she charges per ticket. How much should she charge per ticket in order to maximize revenue?
Click here to see answer by stanbon(57424)

Question 353700: you invest $20,000 in two accounts paying 7% and 8% annual interest. how much should be invested at each rate if the total interest earned for the year is to be $1520? Begin by filling in the missing entry in the following table.
principal x rate = interest
7% interest x 0.07 0.07x
8% interest 20,000-x 0.09
Click here to see answer by checkley77(12569)

Question 353718: A man deposited 2000 in a savings bank paying him a certain interest. At the end of the year, he withdraw 150. At the end of the second year, the amount due to him was 1947.50. What was the rate of interest?
Click here to see answer by josmiceli(9698)

Question 353803: A man divides $10,000 among three investments at 4%, 5% and 6% per annum respectively. His total income is $515 per year. His income from the 5% and 6% investments exceeds the income at 4% by $415. Find how much is invested at each rate.
Click here to see answer by mananth(12270)

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