Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Last year, a property manager bought seven identical snow shovels and nine identical bags of salt. The total cost of the snow shovels was $241.50, before tax, and each bag of salt cost $6.20, before tax. This year, the property manager bought 3 identical snow shovels and six identical bags of salt. The total cost of the snow shovels was $105.57, before tax, and the total cost of the bags of salt was $39.06, before tax. Determine the item with the greatest percent increase in the price from last year. Be sure to include the percent increase for this time to the nearest percent.

Sagot :

isaacoranseola

Answer:

Step-by-step explanation:

The formula to approach this shall be:

( Final price - Initial price )/ Final price × 100/1 ............. 1

Hence for the snow shovels

Initial price = $241.50 for 7

Each will cost = $241.50/7

= $34.5

Final price for snow shovels

= $105.57 for 3 shovels

Each will cost = $105.57/3

= $35.19

Now considering the bags of salt

Initial price = $6.20 each

Final price = $39.06 for 6 bags

Each bag cost = $39.06/6

= $6.51

Now apply the formula in equation (1)

For snow shovels

($35.19- $34.5)/$34.5 × 100/1

= 0.69/34.5 × 100/1

= 0.02×100/1

= 2%

For bags of salt

($6.51-$6.20)/$6.20 ×100/1

0.31/6.20×100/1

0.05×100/1

= 5%

Hence from the above solution, we can now deduce that shovel increased by 2% while bags of salt went up by 5%.

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.