Question

In: Accounting

1. Variables can only be numbers. True or False 2. American Airlines reduced its round trip...

1. Variables can only be numbers.

True or False

2. American Airlines reduced its round trip fare from Boston to New York by $45. The sale price was $139. What was the original price?

Original price:

3. Joy Lindman, who works for GE, receives an annual salary of $85,000. Today she was informed by her boss that she will be receiving a $3,000 raise. What percent of her old salary is the $3,000 raise? (Round to nearest hundredth percent.)
Raise percent of the old salary:

4. 40% is 40 parts out of 1,000.

True or False

5. Convert the following fraction to percent. (Round to the nearest tenth percent): 1/7

6. Rick and Ranger sell Toyotas for Tom's Auto. Over the past year they sold 360 cars. Assuming Rick sells 5 times as many as Ranger, how many Toyotas did Ranger sell?

Multiple Choice

  • 180

  • 60

  • 300

  • None of these

  • 240

Solutions

Expert Solution

1. Variables are that part of the equation whose value is not fixed it's generally in letter form either independent or linked with a coefficient number. variable keeps on changing based on the change in criteria so it can't be only number.

Thus the correct Option is-------------FALSE.

2.

American Airlines reduced its round trip fare from Boston to New York by $45.

So the original price will be the new price + amount reduced.

Original price = $ 139 + $ 45 = $ 184.

Original price = $ 184.

3.

Existing salary = $ 85,000 and raise in salary = $ 3000.

So the percentage increase = Increment in salary / Existing salary.

Raise percentage of old salary = $ 3000 / $ 85,000

Raise percent of old salary = 3.53%.

4.

Percentage refers to the part of 100th and not of 1000.

So 40 % is 40 parts out of 100 and not 1000.

Thus the correct Option is-------------False.

5.

Fraction 1/7 in percentage :

Percent = (1/7 )× 100

Percent = 14.3%.

6.

Total cars sold = 360 cars , here if Ranger sells 1 car so Rick will sell 5 cars.

Proportional analysis is made with total of the criteria, i.e 1 + 5 = 6.

So Toyota's Ranger will sell = 360 × ( 5/6).

Ranger will sell Toyota's = 300

Thus the correct Option is-------------C i.e 300


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