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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 18: By receiving two successive discounts, a dealer bought merchandise for $9 that was listed at $20. What were the discounts in percent if the first discount was 5 times the second?
Click here to see answer by AnlytcPhil(1806)

Question 17: Find the balance of the account.
The problem is: $3,800 principal earning 2% compounded quarterly after 7yrs.
I understand how to figure an equation that earns annually but not sure what # to use for quarterly interest
Tk you
Click here to see answer by AnlytcPhil(1806)

Question 206: A person invested $2,000, part at 7% and part at 8% simple interest. If the total yearly interest from these investments was $154, how much was vested at each rate?

How many gallons of a 70% alcohol solution must be mixed with 30 gallons of a 15% alcohol solution to obtain a solution that is 60% alcohol?
Click here to see answer by ichudov(507)

Question 199: An airline has 2000 passengers each day paying $100 each, and knows that for each $10 increase in price they lose 50 passengers. What would be the equation that would determine their maximum revenue?
Click here to see answer by ichudov(507)

Question 191: A company has $173,924 in bonds and from them earns $13,824 in simple interest annually. Part of the money is invested at 6.75% and the remainder at 8.24%. How much is invested at each rate?
Click here to see answer by ichudov(507)

Question 33: YOU OWN A COMPUTER STORE SELLING TWO TYPES OF LASER PRINTER. tHE FIRST TYPE A, HAS A COST OF $165 AND YOU MAKE A PROFIT OF $45 ON EACH ONR. THE SECOND TYPE B, HAS A COST OF $110 AND YOU MAKE A PROFIT OF $30 ON EACH ONE. YOU EXPECT TO SELL AT LEAST 100 LASER PRINTERS THIS MONTH AND YOU NEED TO MAKE AT LEAST $3450 PROFIT ON THEM.
A) HOW MANY OF EACH MODEL SHOULD YOU ORDER IF YOU WANT TO MINIMUM THE COST?
B) WHAT IS THE MINIMUM COST?
Click here to see answer by AnlytcPhil(1806)

Question 32: YOU OWN A COMPUTER STORE SELLING TWO TYPES OF LASER PRINTER. tHE FIRST TYPE A, HAS A COST OF $165 AND YOU MAKE A PROFIT OF $45 ON EACH ONR. THE SECOND TYPE B, HAS A COST OF $110 AND YOU MAKE A PROFIT OF $30 ON EACH ONE. YOU EXPECT TO SELL AT LEAST 100 LASER PRINTERS THIS MONTH AND YOU NEED TO MAKE AT LEAST $3450 PROFIT ON THEM.
A) HOW MANY OF EACH MODEL SHOULD YOU ORDER IF YOU WANT TO MINIMUM THE COST?
B) WHAT IS THE MINIMUM COST?
Click here to see answer by AnlytcPhil(1806)

Question 90: The yearly depreciation for a piece of machinery was $1500 over 6 years. If the cost of the machinery was $15,000, what was its salvage value?
Click here to see answer by ichudov(507)

Question 46: Joe spent $2500 on garage doors. He paid 6% sales tax. What was the original cost of the garage doors?
Click here to see answer by ichudov(507)

Question 120: Ann Watson has $100,000 that she can deposit in any of three savings accounts for a 3-year period. Bank A compounds interest on an annual basis, bank B compounds interest twice each year, and bank C compounds interest each quarter. All three banks have a stated annual interest rate of 4 percent.
a) What amount would Ms. Watson have at the end of the third year-including interest?
b) What effective interest rate would she earn at each bank?
c) On the basis of your finding in a and b, which bank should Ms. Watson deal with? Why?

Click here to see answer by AnlytcPhil(1806)

Question 445: Tom and Jan together earn $84,326 per year. If Tom earns 12,468 more per year than Jan, then how much does each of them earn per year?
Click here to see answer by AnlytcPhil(1806)

Question 668: Write an equation in standard form. Tell how you know the equation is linear.
Click here to see answer by janinecb(25)

Question 577: After Mr. Stingy died, his lawyer read the will to his family. He left half of his estate to his wife, and $50,000 to his son. The remaining fortune was to be split in this way: half of what remained went to his caddy, half of what remained after that was set aside for the care of his pet iguana, and the remaining $8,000 went to his favorite charity. What was the value of Mr. Stingy's estate?
Click here to see answer by janinecb(25)

Question 802: If a vehicle was purchased for $12590.00, which was 20% off the original price, what was the original price?
Click here to see answer by pushpaharan(47)

Question 802: If a vehicle was purchased for $12590.00, which was 20% off the original price, what was the original price?
Click here to see answer by JamieL38(6)

Question 802: If a vehicle was purchased for $12590.00, which was 20% off the original price, what was the original price?
Click here to see answer by longjonsilver(2297)

Question 839: Hy, this is from a book.
An investor has 3 shares, Delta Airlines, Hilton Hotels and Mcdonalds. He says that 2 days ago the shares went down 350$ and yesterday they went up 600$. His stock broker remembers that 2 days ago Delta lost 1$ per share, Hilton lost 1.5$, and Mc gained 0.5$. he also remembers that yesterday Delta gained 1.5$, Hilton lost again 0.5$ and Mc gained 1$. Explain why there isnt enough information to calculate the number of shares the investor has. But if the investor says that he has 200 shares of Mc, how many does he posses of the other 2?
I dont know how to put this info into 2 equations with 3 unknows. thanks i hope you can help me.
Click here to see answer by pushpaharan(47)

Question 908: A restaurant charges $3.50 for its �all you can eat� breakfast buffet, and $5.00 for its lunch buffet. At 2 PM
the manager found that 100 people had eaten in the restaurant that day, and the total receipts were $428.How many people had eaten breakfast and how many had eaten lunch? Solve this problem using any method, however to receive full credit, you must specify which method you are using and show supporting
work.
Click here to see answer by matwiz(2)

Question 1257: Jesus invests some money at 6%, and then invests $5,000 more than twice this amount at 9%. His total income from the two investments is $3,330. How much money did he invest at 9%?
I can figure out a regular simple interest problem, but get lost on problems like this. Help?!?!
Kathy
Click here to see answer by AnlytcPhil(1806)

Question 1299: My horse and saddle are worth $100.00, and my horse is worth 7 times as much as my saddle; what is the value of each?
Click here to see answer by usyim88hk(158)

Question 1299: My horse and saddle are worth $100.00, and my horse is worth 7 times as much as my saddle; what is the value of each?
Click here to see answer by iamlegallyblond7(7)

Question 1301: A man bought at one time 3 bushels of wheat and 5 bushels of rye for 38 shillings; and at another time 6 bushels of wheat and 3 bushels of rye for 48 shillings. What was the price of each bushel?
Click here to see answer by iamlegallyblond7(7)

Question 1385:
Could you please help me with this?

A father leaves all of his money to his children when he dies. Child A
received 1/6 of the money. Child B receives 1/7 of the money. Child C receives
$23,490.00. How much money did Child A receive?
Click here to see answer by usyim88hk(158)

Question 1428: The Comfort suite offers rooms to groups of sales representatives for $65 per person. The Holiday Inn offers rooms to groups of representatives for $2,500 plus $40 for each representative over the first 30 who attend. For what size group of sales representatives will the Holiday Inn cost less than the Comfort suite?
Click here to see answer by JamieL38(6)

Question 1422: A wild birdseed mix is made by combining 100lb. of millet seed costing $0.60 per lb. with sunflower seeds costing $1.10 per pound. How many pounds of sunflower seeds are needed to make a mixture that costs $0.70 per lb?
Click here to see answer by DeepaEvangeline(15)

Question 1776: A hotel purchased 38 bath towels and 61 washcloths for a total cost of $791.50. Find the individual prices of the bath towels and washcloths.
Click here to see answer by longjonsilver(2297)

Question 1842: Suppose you are starting an office-claning service. You have spent $315 on equipment. To clean the office you use $4 worth of supp;ies. You charge $25. How many offices must you clean to break even?

Click here to see answer by longjonsilver(2297)

Question 1847: A sporting-goods manufacter has spent $1000.00 researching a new product. it will cost them $4.50 to manufacture the item that they will sell for $12.00. How many items must they sell to bearck even?
Click here to see answer by longjonsilver(2297)

Question 1850: A sporting-goods manufacter has spent $1000.00 researching a new product. it will cost them $4.50 to manufacture the item that they will sell for $12.00. How many items must they sell to bearck even?
Click here to see answer by longjonsilver(2297)

Question 1896: If I make $23,465 a year, how much do I make an hour?
Click here to see answer by longjonsilver(2297)

Question 1890: A party of students rented a motor boat, Bee, and shared the cost equally. If the number of students had been 5 less, they could have used a smaller boat costing only half as much as Bee and the expense to each would have been 50 cents less. If there had been 10 more students in the party, they would have required a larger boat costing 20 per cent more than Bee, but the expense to each would have been 30 cents less. How many students were there in the party?
Click here to see answer by longjonsilver(2297)

Question 1884: The computer club went on a field trip to a computer museum. the trip cost $240 to be paid for equally by each club member. The day before the trip, 4 students decided not to go. This increased the cost by $2 per student. How many students went to the museum?
Click here to see answer by longjonsilver(2297)

Question 1932: I am usually pretty good at word problems but this one is stumping me.
Sharon's revenue $R on the sale of fruitcakes is determined by the formula R=50x-x^2. Her cost $C for producing x fruitcakes is given by the formula C=2x+40. For what values of x is Sharon's profit positive?
Can you please help??
Click here to see answer by longjonsilver(2297)

Question 2109: If a salesman's average is a new order every other week, he will
break the office record of the year. However, after 28 weeks, he is six
orders behind schedule. In what proportion of the remaining weeks does
he have to obtain a new order to break the record?

Would you please answer this question as soon as possible?i have an exam tomorrow.
Click here to see answer by khwang(438)

Question 2155: a man sold two-thirds of his pencils for 20 cents each. If he has 7 pencils left, how much money did he collect for the pencils he sold?
Click here to see answer by longjonsilver(2297)

Question 2237: This is Reginald again with the second question.
Suppose Bob owns 8,000 shares of Company X and 6000 shares of Company Y. The Total value of Bob's holdings of these two companies is $680,000.

Suppose Frank owns 2,000 shares of Company X and 10000 shares of Company Y. The Total value of Franks holdings of theses two companies is $680,000.

a. Write equations for Bob and Frank's Holdings. Use the variables X and Y to represent the values of shares of Company X and Y.

b. Solve for the value of a share of Company X and Company Y.
Click here to see answer by DeepaEvangeline(15)

Question 2348: If my sales were at 100,000 last year and 400,000 this year what was the percentage increase?
Click here to see answer by longjonsilver(2297)

Question 2409: A loan amount is 35,000 at 7% interest. Over 8 years what will be the cost of the loan be?
Click here to see answer by gsmani_iyer(201)

Question 2477: The charge for Yellow's Yard Service is a linear function of the number of hours the yard work
takes. Len was charged $44 for three hours of yard work, while his neighbor Mavis was charged
$60 for five hours of work. Write the cost C of having Yellow's work on a lawn as a function
of the number of hours n it takes them to finish the work
Thanks in advance for your help!!
Click here to see answer by AnlytcPhil(1806)

Question 2792: Students sent flowers costing $20 to a sick classmate. There were 4 fewer students contributing than was planned, requiring of the others to pay 25 cents more than their original share. How many students contributed to buying the flowers?
Click here to see answer by xcentaur(357)

Question 3131: the board of directors of a coporation grant a bonus of $5,000 to divided between two employees. the senior employee receives $1200 more then the junior employee. how much does each employee receive?
Click here to see answer by WannabeCAgirl83(35)

Question 3194: A customer went to the store and bought 1 pair of shorts and 4 t-shirts. the cost of the shorts was $12.75. the total bill was $36.75. how would you write an equation to find the price of the shirts?
Click here to see answer by courtneycheyenne(7)

Question 3129: tickets to a high scholl play cost $1.10 for each adult and 40 cents for each child. if 360 tickets are sold for a total of $282.60 how many tickets of each kind are sold?
Click here to see answer by vhardiker(2)

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