SOLUTION: A car dealer stocks mid-size and full size cars on her lot, which holds 60 cars. On the average, she borrows $13,000 to purchase a mid-size car and $18,000 to purchase a full size

Algebra ->  Coordinate Systems and Linear Equations  -> Lessons -> SOLUTION: A car dealer stocks mid-size and full size cars on her lot, which holds 60 cars. On the average, she borrows $13,000 to purchase a mid-size car and $18,000 to purchase a full size       Log On


   



Question 1149813: A car dealer stocks mid-size and full size cars on her lot, which holds 60 cars. On the average, she borrows $13,000 to purchase a mid-size car and $18,000 to purchase a full size car. How many cars of each type could she stock if her total debt is 1 million. How many cars of each type could she stock if her total debt is 1 million? Set up and solve a system using either elimination or substitution.
Answer by ikleyn(52784) About Me  (Show Source):
You can put this solution on YOUR website!
.
Let M be the number of the mid-size cars and

let F be the number of the full size cars.


Then you have these 2 equations in 2 unknowns

       M +     F =   60       (1)    (counting cars)

     13*M + 18*F = 1000       (2)    (counting money in thousand dollars)


Using substitution method, from equation (1) express  M = 60 - F  and substitute it into equation (2). You will get


     13*(60-F) + 18F = 1000.   (3)


Simplify; express F and calculate

     F = %281000-+13%2A60%29%2F%2818-13%29 = 44.


ANSWER.  44 full size cars,  and the rest,  60-44 = 16 mid-size cars.


CHECK.   44*18 + 16*13 = 1000 thousands dollars.  ! Precisely correct !

Solved.

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