Lesson I do not have enough savings now

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I do not have enough savings now


Problem 1

Andrew and Michael each wants to buy a sundae.
But  Andrew is  2 d ollars short,  while  Michael is  1  dollar short.
Combined, they have exactly enough money to buy one sundae.
How many dollars does one sundae cost?

Solution

Let x represents the cost of one sundae in dollars.  Andrew is $2 short, so he has (x-2) dollars.  
Likewise, Michael has  (x-1) dollars.  Since together they have exactly enough to buy one sundae, x dollars, we can write:


    (x-2) + (x-1) = x.


Solve it for x

    2x - 3 = x,

    2x - x = 3,

       x   = 3.


ANSWER.  Each sundae costs 3 dollars.

Problem 2

Lola,  Spencer and  Joaquin each want to buy a sundae.
But Lola is  4  dollars short,  Spencer is  3  dollars short,  and Joaquin is  1  dollar short.  Combined,  they have exactly enough money to buy one sundae.
How many dollars does one sundae cost?

Solution

Let x represents the cost of one sundae in dollars.  Lola is $4 short, so she must have (x-4) dollars.  
Likewise, Michael has  (x-3) dollars and Joaquin has (x-1).  Since together they have exactly enough to buy one sundae, x dollars, we can write:


  (x-4) + (x-3) + (x-1) = x.


Solve it for x


    3x - 8 = x

    3x - x = 8

       2x  = 8

        x  = 8/2 = 4.


ANSWER.  Each sundae costs 4 dollars.

Problem 3

Mr.  Lee wants to buy  5  shirts.  If he buys  3  shirts,  he will have  $6  left.  If he gets all of them,  he will be  $10  short.
How much money does Mr.  Lee have?

Solution

In accordance with the context of the problem, all the shirts have the same price.


Let x be the price for one shirt.


Then Mr. Lee has, from one part of the condition,  3x + 6 dollars;

                  from the other part of the condition, he has  5x - 10 dollars.


It gives you THIS EQUATION


    3x + 6 = 5x - 10.


Simplify and find x


    6 + 10 = 5x - 3x

    16     = 2x

     x     = 16/2 = 8 dollars.


One shirt costs 8 dollars.


Hence, Mr Lee has  3x + 6 = 3*8 + 6 = 30 dollars.    ANSWER

Problem 4

I do not have enough savings now to buy pair of shoes.  If  I  increase my savings by  15%,  I  would still need another  $9.
If  I  increase my savings by  35%,  I would have  $17  more than  I need.  How much money do I have in my savings now ?

Solution

Let x = How much money you have in your savings now.

Let y = the cost of the pair of shes.


Then from the condition you have these two equations


    x + 0.15x = y -  9     dollars     (1)

    x + 0.35x = y + 17     dollars     (2)


Subtract equation (1) from equation (2) to eliminate x. You will get

       0.35x - 0.15x = 17 - (-9)

       0.2x          = 26

       x             = 26/0.2 = 130 dollars.


ANSWER.  Your savings now is/(are) 130 dollars.

Problem 5

Several people want to split a bill.  If each contributes  $0.35,  they lack  $4.40.
If each contributes  $0.40,  they have  $4.40 extra.  Find the number of people.

Solution

Let X be the sum of money they need to collect.

And let "n" be the number of people.


According to the first scenario,  0.35*n + 4.40 = X  dollars.


According to the second scenario,  0.40*n - 4.40 = X  dollars.


It gives you an equation


    0.35n + 4.40 = 0.40n - 4.40,    or


    4.40 + 4.40 = 0.40n - 0.35n,

    8.80        = 0.05n

       n        = 8.80%2F0.05 = 880%2F5 = 176.     ANSWER

Problem 6

Bob had some money left after spending  $9  on  4  files and  6  pens.
If he were to buy one more file,  he would be short  30  cents.
If he were to buy one more pen he would have  70  cents left.
What was the cost of each file ?
How much money did he have at first ?

Solution


            This problem is tricky.


Let F be the price for each file;  P be the price for each pen, and

let X be the amount of money that Bob had initially.


Then, based on the problem's description, we can write these THREE equations for three unknowns


    4F + 6P = 900     cents     (1)     (he spent $9 on 4F and 6P)

    5F + 6P = X + 30  cents     (2)     (he would be short 30 cents)

    4F + 7P = X - 70  cents     (3)     (he would be 70 cents left)



        The setup is just completed. 
        As I said at the beginning, it is tricky.
        But the solution of equations is simple.



To solve them, first subtract equation (3) from equation ((2).  You will get

    F - P   =     100  cents.   (4)


Next, express  F = P + 100 from (4), and substitute it into equation (1).  You will get

    4(P + 100) + 6P = 900

        10P         = 900 - 400 = 500

          P                     = 500/10 = 50.


Next, from equation (1),  4F + 6*50 = 900,  4F = 900 - 300 = 600,  F = 600/4 = 150.


Thus, the price for one file is $1.50;  the price for one pen is  P = F - 100 = 150-100 = 50 = $0.5  (from equation (4))

and  X = 5F + 6P - 30 = 5*150 + 6*50 - 30 = 1020 cents = $10.20.  (from equation (2) )


ANSWER.  The price for each file is  $1.50.  Bob had  $10.20  originally.


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