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guajiro [1.7K]
1 year ago
8

Matt wants to buy a television. If he pays cash, he gets a discount of 7%. If he pays with a loan he has to pay an extra 10% in

interest. The difference between the two methods is $49.98. Find the cost of the television.
Mathematics
1 answer:
Vitek1552 [10]1 year ago
6 0

Answer:

Cost of Television = $294

Step-by-step explanation:

7% discount means 7/100 = 0.07 LESS

So we need to multiply by 1 - 0.07 = 0.93

Also, 10% MORE, or extra, means 10/100 = 0.10 MORE

So we need to multiply by 1 + 0.10 = 1.1

Let cost of television be "c", so we can say:

  • 7% discount would mean cost to be  c(0.93) = 0.93c
  • 10% with interest would mean cost to be c(1.10) = 1.10c

The difference is 49.98. So we subtract lower value (0.93c) from larger value (1.10c) and equate to 49.98 and solve for c:

1.10c-0.93c=49.98\\0.17c=49.98\\c=\frac{49.98}{0.17}\\c=294

Cost of Television = $294

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x = 8

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Step-by-step explanation:

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From equation (1),

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y = 154 - 8

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Airline officer wrote down the amount received as €14270

Then difference from the actual amount received = 14970 - 14270

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% Error =  \frac{\text{Difference in amount}}{\text{Actual amount}}\times 100

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Therefore, x = 8 and y = 146

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