The basketball team sells packages of licorice for $5 per package and bags of
M&M's for $8 per bag. The team sells a total of 240 of both for a total of $1614.
Find the number of packages of licorice and bags of M&M's they sold.

Answers

Answer 1

Answer:

The basketball team sells packages of licorice=Rs.5 per package

M&M's for =Rs.8 per bag

Both team sells a total 240 of a total of Rs.1614

Now

The total of both =1614-240=1374

Answer 2

The basketball team sold 102 packages of licorice and 138 bags of M&M's.

Given that the packages of licorice sold for $5 per package and that of the bags of M&M's for $8 per bag.

The total selling was total of 240 of both for a total of $1614.

We need to find the number of packages of licorice and bags of M&M's were sold.

Let's assume that the number of packages of licorice sold is represented by the variable "L" and the number of bags of M&M's sold is represented by the variable "M."

From the given information, we have two pieces of information to form equations:

The total number of packages and bags sold: L + M = 240

The total revenue from selling these items: 5L + 8M = 1614

Now, we can solve these two equations simultaneously to find the values of L and M.

First, let's solve the first equation for one of the variables (let's solve for L):

L = 240 - M

Now, substitute this expression for L in the second equation:

5(240 - M) + 8M = 1614

Now, distribute the 5:

1200 - 5M + 8M = 1614

Combine the M terms:

3M = 1614 - 1200

3M = 414

Now, solve for M:

M = 414 / 3

M = 138

Now that we know the value of M, we can find the value of L using the first equation:

L = 240 - M

L = 240 - 138

L = 102

So, the basketball team sold 102 packages of licorice and 138 bags of M&M's.

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Related Questions

I need help and I SUCK at mathematics can yall help me I'm in 5th grade​

I need help and I SUCK at mathematics can yall help me I'm in 5th grade

Answers

Answer:

C

Step-by-step explanation:

1 1/4 = 1.25

1 4/5 = 1.8

1.8+1.25=3.05=3 1/20

Answer:

C. 3 1/20

Step-by-step explanation:

Kendra bought a gallon of milk and StartFraction 5 over 6 EndFraction of a pound of oranges. If the gallon of milk cost $3. 60 and she spent a total of $4. 35, which equation can be used to determine x, the cost of a pound of oranges? 3. 60 StartFraction 5 over 6 EndFraction x = 4. 35 4. 35 StartFraction 5 over 6 EndFraction x = 3. 60 3. 60 x StartFraction 5 over 6 EndFraction = 4. 35 4. 35 x StartFraction 5 over 6 EndFraction = 3. 60.

Answers

The equation that can be used to determine the cost of a pound of oranges is 4.35x = 3.60 + (5/6) where x represents the cost of a pound of oranges.

Hence, the answer is "4.35x = 3.60 + (5/6)". Let's justify this. The cost of the gallon of milk is given as $3.60. The quantity of milk Kendra bought is not relevant in the context of the problem, but we are given the quantity of oranges Kendra bought. Kendra bought Start Fraction 5 over 6 End Fraction of a pound of oranges.

Now, let the cost of a pound of oranges be x. Kendra bought Start Fraction 5 over 6 End Fraction of a pound of oranges, hence the cost of Start Fraction 5 over 6 End Fraction of a pound of oranges is (5/6)x = $4.35 - $3.60 (the total amount spent subtracted by the amount spent on milk).Now, we simplify the equation 4.35x = 3.60 + (5/6). Therefore, we can write that the cost of a pound of oranges is 4.35x = 3.60 + (5/6). Hence, the answer is "4.35x = 3.60 + (5/6)".Therefore, the correct option is D: 4.35 x (5/6) = 3.60.

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Give me authentic answers please.

Give me authentic answers please.

Answers

B - the value of x is positive and the value of y is negative

PLEASE HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The ceiling of Stacy's living room is a square that is 22 ft long on each side. Stacy knows the diagonal of the ceiling from corner to corner must be longer than 22 ft, but she doesn't know how long it is. Solve for the length of the diagonal of Stacy's ceiling in two ways: (a) Using the Pythagorean Theorem. (b) Using trigonometry. Round each answer to the nearest whole number and make sure to show all your work. (Hint: the answers should be the same!) Question 2 options:

Answers

The length of the diagonal of Stacy's ceiling was found to be 31 feet using both Pythagorean theorem and trigonometry.

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

Let d represent the length of the diagonal, Usinng Pythagoras:

d² = 22² + 22²

d = 31 feet

Using trigonometric identity:

sin(45) = 22/d

d = 31 feet

The length of the diagonal of Stacy's ceiling was found to be 31 feet using both Pythagorean theorem and trigonometry.

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Math experts can you please factor this thank you

Math experts can you please factor this thank you

Answers

Answer:

(x - 2) (x + 5)

Step-by-step explanation:

Hope this helps!

4. what does he mean when elie's neighbor tells him, "i have more faith in hitler than in anyone else.

he alone has kept his promises to the jewish people. "

Answers

The statement made by Elie's neighbor suggests a profound sense of disillusionment and despair.

Why did we interpret the statement as such?

In the context of the Holocaust, what your neighbor says may seem surprising or surprising, but it reflects the desperate situation and psychological trauma experienced by the people in the concentration camps.

Elie Wiesel, the author of the memoir "Night," lived through the atrocities against the Jewish people. His writings document the atrocities.

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What is 1/2 2/5 6/10 from least to greatest please help me . :)

Answers

6/10 is largest, then 1/2, then 2/5 is the smallest

Answer:

Least 2/5

1/2

Greatest 6/10

Step-by-step explanation:

First, you need to make the denominators the same. Make sure to multiply both the numerator and denominator

2 * 2 = 4

5 * 2 = 10

1 * 5 = 5

2 * 5 = 10

Once they all have the same denominator, line them up using the numerator

Given points A(-1,4) and B(x,7), determine the value(s) of x if AB=5cm

Answers

The value of x is either 3 or -5 based on the distance formula.

What is a co-ordinate system?

In pure mathematics, a coordinate system could be a system that uses one or additional numbers, or coordinates, to uniquely confirm the position of the points or different geometric components on a manifold like euclidean space.

Main body:

according to question

Given points A(-1,4) and B(x,7)

Also AB = 5 cm

Formula of distance = \(\sqrt{(y1-y2)^{2}+(x1 -x2)^{2} }\)

here by using points ,

5 = \(\sqrt{(x+1)^{2} +(7-4)^{2} }\)

taking square on both side ,'

25 = \((x+1)^{2} +3^{2}\)

25-9 = (x+1)²

16 = (x+1)²

taking square root on both sides,

x+1= ±4

x = 4-1 = 3                                  or              x = -4-1 = -5

Hence value of x is either 3 or -5.

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The weights of ice cream cartons are normally distributed with a mean weight of 12 ounces and a standard deviation of 0.5 ounce (a) What is the probability that a randomly selected carton has a weight greater than 12.31 ounces? (b) A sample of 16 cartons is randomly selected. What is the probability that their mean weight is greater than 12.31 ounces? (a) The probability is (Round to four decimal places as needed.)

Answers

The probability that a randomly selected carton has a weight greater than 12.31 ounces is approximately 0.2676.

To calculate the probability that a randomly selected carton has a weight greater than 12.31 ounces, we can use the z-score and the standard normal distribution.

(a) Probability for a single carton:

Step 1: Calculate the z-score using the formula: z = (x - μ) / σ

Where:

x = 12.31 (the given weight)

μ = 12 (mean weight)

σ = 0.5 (standard deviation)

z = (12.31 - 12) / 0.5 = 0.62

Step 2: Find the probability associated with the z-score using a standard normal distribution table or a calculator. The probability of a weight greater than 12.31 ounces is equivalent to finding the area to the right of the z-score of 0.62.

Using a standard normal distribution table or calculator, the probability is approximately 0.2676.

Therefore, the probability that a randomly selected carton has a weight greater than 12.31 ounces is approximately 0.2676.

Note: Make sure to round the result to four decimal places as requested.

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isosceles triangle abc has a perimeter of 96 centimeters. the base of the triangle is line segment a c and measures 24 centimeters.

Answers

The measure of the line segment AB is  36cm .

In the question ,

it is given that ,

The triangle ABC is a isosceles triangle ,

that means side AB = side BC ,

and the length of base AC = 24 cm .

given the perimeter of the triangle is 96 cm .

So ,

AB + BC + AC = 96

AB + AB + AC = 96       .....because AB = BC

2AB + AC = 96

Substituting the value of AC = 24 cm

2AB + 24 = 96

Subtracting 24 from both the sides , we get

2AB = 96 - 24

2AB = 72

Dividing both sides by 2 ,

we get ,

AB = 72/2 = 36 .

Therefore , The measure of the line segment AB is  36cm .

The given question is incomplete , the complete question is

Isosceles triangle ABC has a perimeter of 96 centimeters. The base of the triangle is Line segment A C and measures 24 centimeters.

What is the measure of Line segment AB ?

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The subject of the formula below is y.
a=4x/t - p
Rearrange the f make x the subject.​

Answers

Answer:

x = t(a+p)/4

Step-by-step explanation

Given the expression

​a=4x/t - p

We are to make x the subject of the formula

a=4x/t - p

Add p to both sides

a+p = 4x/t - p+p

a+p = 4x/t

Cross multiply

t(a+p) = 4x

Rearrange

4x = t(a+p)

Divide both sides by 4

4x/4 = t(a+p)/4

x = t(a+p)/4

What is 60% of 150? Please answer.

Answers

Answer:

90

Step-by-step explanation:

Answer:

Your answer is 90

Step-by-step explanation:

You take 150 and multiply it by .6 to get 90

Explain if this student has made a mistake. Explain what the mistake was and how you would fix it. include the right answer

Explain if this student has made a mistake. Explain what the mistake was and how you would fix it. include

Answers

Answer:

Mistake => \( \frac{8x}{4} = \frac{4}{4} \)

How it can be fixed => \( \frac{8x}{8} = \frac{4}{8} \)

\( x = \frac{1}{2} \) (correct answer)

Step-by-step explanation:

The student solved the problem correctly up to the second step where 6 was added to both sides of the equation.

The mistake he made was in his division.

Thus, instead of dividing both sides by 8, he divided both sides by 4, which is incorrect.

Mistake => \( \frac{8x}{4} = \frac{4}{4} \)

How it can be fixed => \( \frac{8x}{8} = \frac{4}{8} \)

\( x = \frac{1}{2} \) (correct answer)

Answer:

SEE IMAGE FOR SOLUTION

Hope it helps

Have a great day

Explain if this student has made a mistake. Explain what the mistake was and how you would fix it. include

Order the Steps of Constructing a Circumscribed Circle of a Triangle

help pls

Order the Steps of Constructing a Circumscribed Circle of a Trianglehelp pls

Answers

The answer is ACBDEF

Please please help

An open cylindrical water tank has base radius x metres and height h metres. Each square metre of the
base costs a dollars to manufacture and each square metre of the curved surface costs b dollars. The
combined cost of the base and curved surface is c dollars.
a Find c in terms of a, b, x and h.
b Show that the volume of the tank is given by V = 2(c − nax²).
-
c As x varies, prove that V is at its maximum when the cost of the base is dollars.

Answers

The combined cost of c dollars is a xπx² + 2πxhb. The volume of the tank will be V = πx²h. Maximum value of V is when c > 2a(2hb).

How to find cost of the base?

a. The cost of the base is given by a xπx², and the cost of the curved surface is given by 2πxhb. The combined cost of the base and curved surface is given by:

c = a xπx² + 2πxhb

b. To find the volume of the tank, we can use the formula for the volume of a cylinder:

V = πx²h

Substituting in the expression for c from part (a), we have:

V = πx²h = πx²(c - 2πxhb) / a

c. To find the maximum value of V, we can differentiate with respect to x and set the derivative equal to 0:

dV/dx = 2πx(c/a - 2hb) = 0

Solving for x, we get:

x = (c / 2a) / (2hb)

Since x is the radius of the tank, it must be positive, so we must have c > 2a(2hb) for the maximum value of V to exist.

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please help!

use the order of operations to solve each problem.

1.) 2×3[7+(6÷2)]

2.) 3[-3(2-8)-6]

3.) 3×3[2-(9÷3)]

4.) 2[-5(4-12)-3]

5.) [(3×3)-(30÷6)]+(-27)-13

6.) 2÷[(4÷2)+(32÷8)]

Answers

Answer:

1.) 60

2.) 36

3.) -9

4.) 74

5.) -36

6.) \(\frac{2}{6} =\frac{1}{3}\)

Step-by-step explanation:

1.) 2×3[7+(6÷2)]

2×3[7+3]

2×3×10

2×30

60

2.) 3[-3(2-8)-6]

3[-3(-6)-6]

3[18-6]

3×12

36

3.) 3×3[2-(9÷3)]

3×3[2-3]

3×3[-1]

3×3×-1

9×-1

-9

4.) 2[-5(4-12)-3]

2[-5(-8)-3]

2[40-3]

2×37

74

5.) [(3×3)-(30÷6)]+(-27)-13

[9-5]+(-27)-13

4-27-13

4-40

-36

6.) 2÷[(4÷2)+(32÷8)]

2÷[2+4]

2÷6

\(\frac{2}{6} =\frac{1}{3}\)

Hope this helps!

How much are these coins worth???

How much are these coins worth???

Answers

Answer

3.26$

Step-by-step explanation:

a commercial for glade plug-ins says that by inserting 2 of a choice of 11 scents into the device, you can make more than 50 combinations. if we exclude the boring choice of two of the same scent, how many possibilities are there?

Answers

If we exclude the choice of two of the same scent, we can choose two different scents out of 11 in 11 choose 2 ways, which is:

11 choose 2 = (11!)/(2!*(11-2)!) = 55

Therefore, there are 55 possible combinations of two scents using 11 available scents in which two of the same scent is excluded.

What is the decimal form of 1/8

Answers

Answer:

0.125

Step-by-step explanation:

125/1000 if you divide 1000by 125 you get 8.


2 Analyze the scatter plot relating a male chihuahua's weight with its age.
Draw the line of best fit for the set
of data vaules. Then determine the
equation for the line of best fit.
Interpret the meaning of the slope and
y-intercept for your equation.
Weight (pounds)
Use your line of best fit to predict the weight of a 9-week-old male chihuahua.

2 Analyze the scatter plot relating a male chihuahua's weight with its age.Draw the line of best fit

Answers

Answer:  i think is 11

Step-by-step explanation:

mulitply

6 cm
6 cm
6 cm
What is the volume of this figure?

6 cm6 cm6 cmWhat is the volume of this figure?

Answers

Answer: 216 cm³

Step-by-step explanation: Given:— Side of cube is 6cm

To find:-Volume of cube

Solution:—

Volume of cube = side³

Volume of cube=6×6×6=216 cm³

Hope this helps you! Have a great day/night

I meant to include this picture but it's the same as my last question!

I meant to include this picture but it's the same as my last question!

Answers

Answer:

7

Step-by-step explanation:

1+2=3+4 =7 hope this helped <3

Mrs Mabaspacked , prudence's mom packed a cooler box bag for the day of the painting . Two six pack cans fit exactly on top of each other in the cooler bag. A can has a diameter of 6 cm and a height of 8,84 cm 0:41 EZ07/67/90 dy the information given in the information above and answer the questions that follow. 2.1 2.2 2.3 2.4 Calculate the volume in ml of one can of cold drink, rounded to the nearest whole number. Determine the height of the cooler bag, rounded to the nearest whole number. Determine the volume in ml of the cooler bag if the breadth of the bag is 12 cm and the length 18 cm. Each can have a label on them as shown by the image below Piesse Circumference of the can NEW Diet, Soda 0 Calories! Calculate the length of the lable. CALORIES PER SERVING Nutrition Fac Hight of the can (3) (2) (3) (2) 27 [10] ​

Answers

2.1 The volume in ml of one can of cold drink is 83 ml.

2.2 The height of the cooler bag is 18 cm.

2.3 The volume in ml of the cooler bag if the breadth of the bag is 12 cm and the length 18 cm is 3,888 ml.

2.4 The circumference of the can is 18.84 cm.

How to calculate the volume of a cylindrical can?

In Mathematics and Geometry, the volume of a cylinder can be calculated by using this formula:

Volume of a cylinder, V = πr²h

Where:

V represents the volume of a cylinder.h represents the height or length of a cylinder.r represents the radius of a cylinder.

By substituting the given side lengths into the volume of a cylinder formula, we have the following;

Volume of can = 3.14 × (6/2)² × 8.84

Volume of can = 83.27 cm³.

Note: 1 cm³ = 1 ml

Volume of can in ml = 83.27 ≈ 83 ml.

Part 2.2.

For the height of the cooler bag, we have:

Height of cooler bag = 2 × height of can

Height of cooler bag = 2 × 8.84

Height of cooler bag = 17.68 ≈ 18 cm.

Part 2.3

Volume of cooler bag = length × breadth × height

Volume of cooler bag = 18 × 12 × 18

Volume of cooler bag = 3,888 ml.

Part 2.4

The circumference of the can is given by:

Circumference of circle = 2πr

Circumference of can = 2 × 3.14 × 3

Circumference of can = 18.84 cm.

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Missing information:

The question is incomplete and the complete question is shown in the attached picture.

 Mrs Mabaspacked , prudence's mom packed a cooler box bag for the day of the painting . Two six pack

There are 15 pieces of fruit in a bowl and 3 of them are apples. What percentage of the pieces of fruit in the bowl are apples?​

Answers

Answer:

40%      

I looked it up

Answer:

0.45%

Step-by-step explanation:

Erika write the following word expression on the board: The quotient of 24 and k. Write an algebraic expression for the word expressions. THEN evaluate (solve) the expression for k = 3

Answers

Answer:

a)  x=24/k

b)  x=24/3

    x=8

Step-by-step explanation:

Quotient meant division and you are trying to find the quotient (x) so you divide 24 by 3 to get 8

hii I need help with this I really don't get it and I'm like, bad at Functions and stuff like that, I hope this doesn't trouble you :(​

hii I need help with this I really don't get it and I'm like, bad at Functions and stuff like that, I

Answers

Assuming it is referring to the blue graph (not the points), it costs more to rent adults skates.

After the first hour, it would cost 3 dollars to rent children’s skates. After the second, it would cost 6. This would make the slope 3, so the formula would be C=3h. It costs $3 per hour to rent children’s skates.

If the question is referring to the grey points, it would cost more to rent children’s skates for the first hour. After the first hour, it would cost more to rent adults skates.

The starting value (the y-intercept/the point at zero on the y axis, which is the vertical center line) is 6, and the slope is still 3 for the children’s skates.

For the first hour, it would cost $9 for children’s skates and $8 for adults skates. For two hours, it would cost $12 for the children’s skates and $16 for adults skates.

(It’s more likely that the question is referring to the blue graph)

hope this helps! if you have any questions, feel free to comment them under this answer :)

An 8 gallon vat is full of pure water. At time t = 0 salt water is added to the vat through a pipe carrying water at a rate of 3 gallons per minute and a concentration of salt of 1/2 a pound per gallon. Water drains out of the vat at a rate of 3 gallon per minute, so that the level of the vat is always 6 gallons. Assume that the salt is always evenly mixed throughout the vat. Let S(t) denote the amount of salt in the vat at time t, and let t be measured in minutes.
a. Set up the differential equation and initial condition for dS/dt for the situation above.
b. Find S(t).

Answers

Answer:

a. The initial condition is that there is no salt in the vat at time t = 0, so S(0) = 0.

b. the amount of salt in the vat at time t is S(t) = 3 - 3e^(-t/2) pounds.

a. The rate of change of the amount of salt in the vat can be expressed as the difference between the amount of salt entering and leaving the vat per unit time. The amount of salt entering the vat per unit time is the concentration of salt in the water entering the vat multiplied by the rate of water entering the vat, which is (1/2) * 3 = 3/2 pounds per minute. The amount of salt leaving the vat per unit time is the concentration of salt in the vat multiplied by the rate of water leaving the vat, which is (S(t)/6) * 3 = (1/2)S(t) pounds per minute. Thus, we have the differential equation:
dS/dt = (3/2) - (1/2)S(t)
The initial condition is that there is no salt in the vat at time t = 0, so S(0) = 0.

b. This is a first-order linear differential equation, which can be solved using an integrating factor. The integrating factor is e^(t/2), so multiplying both sides of the equation by e^(t/2) yields:
e^(t/2) * dS/dt - (1/2)e^(t/2) * S(t) = (3/2)e^(t/2)
This can be written as:
d/dt [e^(t/2) * S(t)] = (3/2)e^(t/2)
Integrating both sides with respect to t gives:
e^(t/2) * S(t) = 3(e^(t/2) - 1) + C
where C is the constant of integration. Using the initial condition S(0) = 0, we can solve for C to get:
C = 0
Substituting this back into the previous equation gives:
e^(t/2) * S(t) = 3(e^(t/2) - 1)
Dividing both sides by e^(t/2) gives:
S(t) = 3 - 3e^(-t/2)
Therefore, the amount of salt in the vat at time t is S(t) = 3 - 3e^(-t/2) pounds.

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the expression for S(t) is:

S(t) = 3 - 2e^[(t/2) + ln (3/2)] if 3/2 - S/2 > 0

S(t) = 3 + 2e^[(t/2) + ln (3/2)] if 3/2 - S/2 < 0

a. To set up the differential equation for the amount of salt in the vat, we can consider the rate of change of salt in the vat over time. The change in salt in the vat can be expressed as the difference between the salt added and the salt drained.

Let's denote S(t) as the amount of salt in the vat at time t.

The rate of salt added to the vat is given by the concentration of salt in the incoming water (1/2 pound per gallon) multiplied by the rate of water added (3 gallons per minute). Therefore, the rate of salt added is (1/2) * 3 = 3/2 pounds per minute.

The rate of salt drained from the vat is given by the concentration of salt in the vat, S(t), multiplied by the rate of water drained (3 gallons per minute). Therefore, the rate of salt drained is S(t) * (3/6) = S(t)/2 pounds per minute.

Combining these, the differential equation for the amount of salt in the vat is:

dS/dt = (3/2) - (S(t)/2)

The initial condition is given as S(0) = 0, since the vat starts with pure water.

b. To solve the differential equation, we can separate variables and integrate:

Separating variables:

dS / (3/2 - S/2) = dt

Integrating both sides:

∫ dS / (3/2 - S/2) = ∫ dt

Applying the integral and simplifying:

2 ln |3/2 - S/2| = t + C

where C is the constant of integration.

To find C, we can use the initial condition S(0) = 0:

2 ln |3/2 - 0/2| = 0 + C

2 ln (3/2) = C

Substituting C back into the equation:

2 ln |3/2 - S/2| = t + 2 ln (3/2)

Now we can solve for S(t):

ln |3/2 - S/2| = (t/2) + ln (3/2)

Taking the exponential of both sides:

|3/2 - S/2| = e^[(t/2) + ln (3/2)]

Considering the absolute value, we have two cases:

Case 1: 3/2 - S/2 > 0

3/2 - S/2 = e^[(t/2) + ln (3/2)]

3 - S = 2e^[(t/2) + ln (3/2)]

S = 3 - 2e^[(t/2) + ln (3/2)]

Case 2: 3/2 - S/2 < 0

S/2 - 3/2 = e^[(t/2) + ln (3/2)]

S = 3 + 2e^[(t/2) + ln (3/2)]

Therefore, the expression for S(t) is:

S(t) = 3 - 2e^[(t/2) + ln (3/2)] if 3/2 - S/2 > 0

S(t) = 3 + 2e^[(t/2) + ln (3/2)] if 3/2 - S/2 < 0

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It will take you 10 hours to paint your garage and it will take your brother 15 hours to paint your
garage. How long will it take to paint the garage if the two of you paint together?

Answers

they take 6 hours  to paint the garage if the two of you paint together.

It will take you 10 hours to paint your garage

it will take your brother 15 hours to paint your garage.

How long will it take to paint the garage if the two of you paint together

Total work = LCM of 10 and 15 = 30 units

now , it will take 10 hours to paint the garage

therefore it one hour efficiency = 30/10 =3 units

similarly your brother take 15 hours to apint the garage

therefore brother one hour efficiency = 30/15 = 2 units

so total one hour efficiency is 5 units

and total work is 30 units and their one hour efficiency is 5 units

therefore they complete the work in 30 /5 = 6 hour

Hence they take 6 hours  to paint the garage if the two of you paint together.

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The total cost of attending a state university is $21,800 for the first year. A students parents will pay for 30% of this cost. An athletic scholarship will pay another $5,600. The student has $3,800 saved in the bank for college. Which amount is closes to the minimum that the student will need to save every month in order to pay off the remaining cost at the end of 12 months?

Answers

Answer:

$488.33 monthly savings

Step-by-step explanation:

Parent payment 30% of $21,800 is $6,540.

Subtract all payment from total cost.

21,800−6,540−5,600−3,800=5,680.

Split this into monthly payment by dividing 5,680 by 12 months.

5,680÷12= $488.33

The common stock of Dayton Rapur sells for $48 49 a shame. The stock is inxpected to pay $2.17 per share next year when the annual dividend is distributed. The company increases its dividends by 2.56 percent annually What is the market rate of retum on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg-32.16.)

Answers

The market rate of return on the Dayton Rapur stock is approximately 4.59%.

To calculate the market rate of return on the Dayton Rapur stock, we need to use the dividend discount model (DDM). The DDM calculates the present value of expected future dividends and divides it by the current stock price.

First, let's calculate the expected dividend for the next year. The annual dividend is $2.17 per share, and it increases by 2.56% annually. So the expected dividend for the next year is:

Expected Dividend = Annual Dividend * (1 + Annual Dividend Growth Rate)

Expected Dividend = $2.17 * (1 + 0.0256)

Expected Dividend = $2.23

Now, we can calculate the market rate of return using the DDM:

Market Rate of Return = Expected Dividend / Stock Price

Market Rate of Return = $2.23 / $48.49

Market Rate of Return ≈ 0.0459

Finally, we convert this to a percentage:

Market Rate of Return ≈ 0.0459 * 100 ≈ 4.59%

Therefore, the market rate of return on the Dayton Rapur stock is approximately 4.59%.

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