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Ultra Member
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Aug 15, 2009, 04:24 PM
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Back Again
Hey guys, I am back again. This time with only 3 questions and needing some help with them.
1. A calculator is sold at $30 with a loss of 6%. What is the cost price of the calculator to the person who sold it?
2. A shop sells compact disks for $ per piece. If each disk costs $11 to the shop owner how much profit percent does the shop owner earn?
3, A store offers a discount of 15% on all its sold. A shopper pays $318.75 for purchases made. What is the marked price of the goods purchased?
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Ultra Member
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Aug 15, 2009, 04:53 PM
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I am confused by what the first equation would look like to be honest.
and the 2nd one was $11
Sorry
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Jobs & Parenting Expert
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Aug 15, 2009, 04:54 PM
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Originally Posted by Romefalls19
1. A calculator is sold at $30 with a loss of 6%. What is the cost price of the calculator to the person who sold it?
What is 6% of $30? Use that answer to figure out the original price.
2. A shop sells compact disks for $ per piece. If each disk costs $11 to the shop owner how much profit percent does the shop owner earn?
Ratio of owner's selling price to his buying price
3. A store offers a discount of 15% on all it's sold. A shopper pays $318.75 for purchases made. What is the marked price of the goods purchased?
15% of $318.75, then figure out marked price.
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Ultra Member
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Aug 15, 2009, 04:56 PM
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For the first one I got $1.80, so would the answer be $31.80?
And I apologize, its sells for $16 and the owner pays $11
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Jobs & Parenting Expert
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Aug 15, 2009, 04:59 PM
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Tell Mrs. Romefalls to become a member so we can deal with her directly. :D
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Ultra Member
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Aug 15, 2009, 05:00 PM
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Lol she said she will use my account for homework help ha ha!
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Jobs & Parenting Expert
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Aug 15, 2009, 05:03 PM
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Originally Posted by Romefalls19
Lol she said she will use my account for homework help ha ha!
There's a Bears pre-season game on now. You watch that, and we will chat with the missus.
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Ultra Member
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Aug 15, 2009, 05:03 PM
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Lol OK you win... Here she is
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Jobs & Parenting Expert
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Aug 15, 2009, 05:05 PM
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Originally Posted by Romefalls19
Lol ok you win...Here she is
Whew! Finally got rid of THAT guy!
So how're you doin'?
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Ultra Member
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Aug 15, 2009, 05:05 PM
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Hello, this is the fiancé :)
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Ultra Member
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Aug 15, 2009, 05:05 PM
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Eh frustrated... you?
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Jobs & Parenting Expert
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Aug 15, 2009, 05:07 PM
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Originally Posted by Romefalls19
Eh frustrated...you?
Not a bit! How are you doing with the first one?
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Ultra Member
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Aug 15, 2009, 05:09 PM
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I can't figure out the formula for this one I got the answer 31.80 but 1.80 is 6% of 30 so I think I'm doing it completely wrong
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Jobs & Parenting Expert
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Aug 15, 2009, 05:16 PM
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Originally Posted by Romefalls19
1. A calculator is sold at $30 with a loss of 6%. What is the cost price of the calculator to the person who sold it?
original cost = unknown = x
selling price = $30
loss = 6% or $1.80
What is x?
Think! Do you add $1.80 to $30 to subtract $1.80?
Was the original price higher or lower than $30?
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Ultra Member
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Aug 15, 2009, 05:22 PM
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The only thing I come up with is $31.80 but that seems completely wrong
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Jobs & Parenting Expert
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Aug 15, 2009, 05:22 PM
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Originally Posted by Romefalls19
The only thing I come up with is $31.80 but that seems completely wrong
It's correct. Why does it seem wrong?
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Ultra Member
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Aug 15, 2009, 05:25 PM
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1.80 is 6% of 30, so I would think that 6% of a larger number would be more
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Jobs & Parenting Expert
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Aug 15, 2009, 05:28 PM
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Originally Posted by Romefalls19
1.80 is 6% of 30, so I would think that 6% of a larger number would be more
Naw.
10% of $30 = $3.00
25% (1/4) of $30 = $7.50
50% of $30 = $15
100% of $30 = $30
6/100 x 30/1 = 18/10 = 1.8 = 1.80
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Ultra Member
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Aug 15, 2009, 05:31 PM
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I suppose I'm just over thinking it... I tend to make things appear more difficult than they actually are.
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Jobs & Parenting Expert
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Aug 15, 2009, 05:32 PM
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Originally Posted by Romefalls19
I suppose I'm just over thinking it... I tend to make things appear more difficult than they actually are.
Yes, you're thinking too much.
How are you at cooking?
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