Word Problems and Applied Math

188 questions

Question 101Question

A wholesale distributor purchased a shipment of 50 units of Model A laptops and 30 units of Model B laptops for a total cost of 4,000.Tosetthelistpriceforeachmodel,thedistributormarkeduptheunitcostofModelAby404,000. To set the list price for each model, the distributor marked up the unit cost of Model A by 40% and the unit cost of Model B by 50%. During a clearance promotion, Model A was sold at a 10% discount off its list price, and Model B was sold at a 20% discount off its list price. If the distributor earned a total profit of 995 on the entire shipment of 80 laptops, what was the original purchase cost of one Model A laptop?

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Answer: $65

Answer

The original purchase cost of one Model A laptop was $65.
The original purchase cost of one Model A laptop is found by setting up a system of two linear equations: one for total cost (50x+30y=4,00050x + 30y = 4,000, or 5x+3y=4005x + 3y = 400) and one for total profit (50(0.26x)+30(0.20y)=99550(0.26x) + 30(0.20y) = 995, or 13x+6y=99513x + 6y = 995). Solving this system yields x=65x = 65, which accurately reflects the unit cost of Model A.

Step-by-Step Solution

1
Define variables and set up the total cost equation.
Let xx be the unit cost of Model A and yy be the unit cost of Model B. The equation is 50x+30y=4,00050x + 30y = 4,000, which simplifies to 5x+3y=4005x + 3y = 400.
The distributor purchased 50 units of Model A and 30 units of Model B for a total cost of $4,000.
2
Calculate the selling price and profit per unit for each model.
For Model A: List Price=1.40x\text{List Price} = 1.40x, Selling Price=1.40x×0.90=1.26x\text{Selling Price} = 1.40x \times 0.90 = 1.26x, so Profit per unit=1.26xx=0.26x\text{Profit per unit} = 1.26x - x = 0.26x.
For Model B: List Price=1.50y\text{List Price} = 1.50y, Selling Price=1.50y×0.80=1.20y\text{Selling Price} = 1.50y \times 0.80 = 1.20y, so Profit per unit=1.20yy=0.20y\text{Profit per unit} = 1.20y - y = 0.20y.
Selling prices are derived by applying the discount to the list price, and unit profit is selling price minus cost price.
3
Set up the total profit equation.
Total profit is 50(0.26x)+30(0.20y)=99550(0.26x) + 30(0.20y) = 995, which simplifies to 13x+6y=99513x + 6y = 995.
Summing the total profit from all 50 units of Model A and 30 units of Model B equals the given total profit of $995.
4
Solve the system of linear equations for xx.
Multiply 5x+3y=4005x + 3y = 400 by 2 to get 10x+6y=80010x + 6y = 800. Subtract this from 13x+6y=99513x + 6y = 995 to obtain (13x10x)+(6y6y)=995800    3x=195    x=65(13x - 10x) + (6y - 6y) = 995 - 800 \implies 3x = 195 \implies x = 65.
Eliminating yy isolates the variable xx, representing the unit purchase cost of Model A.

Key Concept

Profit, Loss, and Markup with Successive Percentages
Question 102Question

A wholesaler purchases a desk for $250\$250 and marks up the cost price by 20%20\% to establish the retail price. If the desk is sold at the retail price, what is the profit, in dollars, earned on the sale?

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Answer: 50

Answer

The profit earned on the sale of the desk is $50\$50.
The profit is calculated by finding 20%20\% of the cost price of $250\$250, which is 0.20×250=500.20 \times 250 = 50.

Step-by-Step Solution

1
Identify the cost price and markup rate from the problem statement.
Cost price =$250= \$250; Markup rate =20%= 20\%.
Markup is calculated directly as a percentage of the original cost price.
2
Multiply the cost price by the markup percentage to find the profit.
Profit=0.20×250=50\text{Profit} = 0.20 \times 250 = 50.
Taking 20%20\% of the $250\$250 purchase price gives the exact dollar markup/profit.

Key Concept

Dollar profit is calculated as the markup percentage multiplied by the cost price.
Question 103Question

A chemical storage vessel contains three industrial solvents—Solvent A, Solvent B, and Solvent C—blended in the initial ratio of 2:5:72 : 5 : 7, respectively. After 2424 liters of Solvent A and 1212 liters of Solvent B are added to the vessel, the ratio of Solvent A to Solvent B becomes 4:74 : 7. What was the initial volume, in liters, of Solvent C in the vessel?

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Answer: 140

Answer

The initial volume of Solvent C in the vessel was 140 liters.
Defining the initial amounts of Solvents A, B, and C as 2x2x, 5x5x, and 7x7x, respectively, the addition of 2424 liters of Solvent A and 1212 liters of Solvent B yields the ratio equation 2x+245x+12=47\frac{2x + 24}{5x + 12} = \frac{4}{7}. Cross-multiplying gives 14x+168=20x+4814x + 168 = 20x + 48, which simplifies to 6x=1206x = 120 and x=20x = 20. The initial volume of Solvent C is therefore 7×20=1407 \times 20 = 140 liters.

Step-by-Step Solution

1
Express the initial quantities of the three solvents in terms of a common ratio multiplier xx.
Solvent A = 2x2x, Solvent B = 5x5x, Solvent C = 7x7x.
A ratio of 2:5:72 : 5 : 7 implies the actual quantities are proportional to 2, 5, and 7 by a factor xx.
2
Set up an equation representing the modified ratio of Solvent A to Solvent B.
2x+245x+12=47\frac{2x + 24}{5x + 12} = \frac{4}{7}
Adding 24 liters to Solvent A yields 2x+242x + 24 liters, and adding 12 liters to Solvent B yields 5x+125x + 12 liters.
3
Solve the algebraic equation for xx.
7(2x+24)=4(5x+12)    14x+168=20x+48    6x=120    x=207(2x + 24) = 4(5x + 12) \implies 14x + 168 = 20x + 48 \implies 6x = 120 \implies x = 20.
Cross-multiplication converts the ratio comparison into a linear equation.
4
Compute the initial volume of Solvent C.
Initial volume of Solvent C = 7x=7(20)=1407x = 7(20) = 140 liters.
Substitute x=20x = 20 into the expression 7x7x for the original amount of Solvent C.

Key Concept

Ratio scaling and algebraic modeling of partial additions
Question 104Question

At a research institute, 120120 scientists are each assigned to at least one of three interdisciplinary projects: Alpha, Beta, and Gamma. The project assignments meet the following conditions:

- Exactly 7070 scientists work on Project Alpha.
- Exactly 6565 scientists work on Project Gamma.
- Exactly 2525 scientists work on both Project Alpha and Project Beta.
- Exactly 3030 scientists work on both Project Beta and Project Gamma.
- Exactly 2020 scientists work on both Project Alpha and Project Gamma.
- The number of scientists working on all three projects is equal to half the number of scientists who work on Project Gamma only.

How many scientists work on Project Beta only?

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Answer: 55

Answer

Exactly 55 scientists work on Project Beta only.
The correct answer is 55. By using the 3-set Venn diagram equation for Project Gamma, we find the number of scientists in all three projects is x=15x = 15. Decomposing all disjoint regions gives Alpha only =40= 40, Gamma only =30= 30, and two-project overlaps of 1010, 1515, and 55. Subtracting the sum of these six regions (115115) from the total universe (120120) leaves exactly 55 scientists working on Project Beta only.

Step-by-Step Solution

1
Define variables for the regions of the 3-set Venn diagram.
Let xx be the number of scientists working on all three projects (Alpha \cap Beta \cap Gamma).
Setting the central intersection as xx allows expressing all pairwise overlaps in terms of xx.
2
Express the two-project-only regions and Project Gamma only in terms of xx.
Alpha & Beta only =25x= 25 - x; Beta & Gamma only =30x= 30 - x; Alpha & Gamma only =20x= 20 - x; Gamma only =2x= 2x.
Each given two-set intersection includes the triple intersection xx. Gamma only is twice xx per the stem.
3
Set up an equation for the total number of scientists in Project Gamma (6565) to solve for xx.
Gamma Total=(2x)+(20x)+(30x)+x=x+50=65    x=15\text{Gamma Total} = (2x) + (20 - x) + (30 - x) + x = x + 50 = 65 \implies x = 15.
Summing all four regions comprising Project Gamma equates to the total given as 6565.
4
Calculate the numerical values of the intersection regions and Gamma only.
All three =15= 15; Gamma only =30= 30; Alpha & Beta only =10= 10; Beta & Gamma only =15= 15; Alpha & Gamma only =5= 5.
Substituting x=15x = 15 back into the expressions from Step 2 gives exact region values.
5
Calculate the number of scientists working on Project Alpha only.
Alpha Total=70=Alpha only+10+5+15    Alpha only=40\text{Alpha Total} = 70 = \text{Alpha only} + 10 + 5 + 15 \implies \text{Alpha only} = 40.
Project Alpha is composed of Alpha only plus its three overlapping regions (1010, 55, and 1515).
6
Use the total universe of 120120 scientists to solve for Project Beta only.
120=Alpha only+Beta only+Gamma only+(AB)only+(BG)only+(AG)only+All three    120=40+Beta only+30+10+15+5+15=115+Beta only    Beta only=5120 = \text{Alpha only} + \text{Beta only} + \text{Gamma only} + (A \cap B)_{\text{only}} + (B \cap G)_{\text{only}} + (A \cap G)_{\text{only}} + \text{All three} \implies 120 = 40 + \text{Beta only} + 30 + 10 + 15 + 5 + 15 = 115 + \text{Beta only} \implies \text{Beta only} = 5.
Since every scientist is on at least one project, the sum of all 7 disjoint region counts equals the total population of 120120.

Key Concept

Three-Set Overlapping Sets and Venn Diagram Analysis
Question 105Question

Three automated server clusters—Cluster XX, Cluster YY, and Cluster ZZ—process large-scale data analytics tasks. Working alone at their respective constant rates, Cluster XX can complete a standard workload in 1212 hours, Cluster YY can complete it in 2020 hours, and Cluster ZZ can complete it in 3030 hours. Cluster XX and Cluster YY begin processing a standard workload together. After 44 hours, Cluster XX goes offline due to maintenance while Cluster YY continues working alone. Exactly 22 hours after Cluster XX goes offline, Cluster ZZ is brought online to assist Cluster YY. How many additional hours will it take Cluster YY and Cluster ZZ working together to complete the remaining portion of the workload?

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Answer: 4.44.4 hours

Answer

The additional time required for Cluster Y and Cluster Z to finish the remaining workload is 4.44.4 hours.
The combined rate of Cluster X and Cluster Y is 112+120=215\frac{1}{12} + \frac{1}{20} = \frac{2}{15} job/hr. In 44 hours, they complete 4×215=8154 \times \frac{2}{15} = \frac{8}{15} of the job, leaving 715\frac{7}{15}. Cluster Y then works alone for 22 hours, completing 2×120=1102 \times \frac{1}{20} = \frac{1}{10} of the job. The remaining work is 715110=1130\frac{7}{15} - \frac{1}{10} = \frac{11}{30}. Finally, Cluster Y and Cluster Z work together at a combined rate of 120+130=112\frac{1}{20} + \frac{1}{30} = \frac{1}{12} job/hr. The time needed to finish is 11/301/12=4.4\frac{11/30}{1/12} = 4.4 hours.

Step-by-Step Solution

1
Calculate individual work rates for each cluster per hour.
rX=112r_X = \frac{1}{12}, rY=120r_Y = \frac{1}{20}, and rZ=130r_Z = \frac{1}{30} of the total workload per hour.
Work rate is the reciprocal of the total time required to complete one full workload.
2
Calculate the work completed in Stage 1 when Cluster X and Cluster Y work together for 4 hours.
Combined rate rX+Y=112+120=5+360=860=215r_{X+Y} = \frac{1}{12} + \frac{1}{20} = \frac{5 + 3}{60} = \frac{8}{60} = \frac{2}{15}. Work done in 4 hours = 4×215=8154 \times \frac{2}{15} = \frac{8}{15}. Remaining work = 1815=7151 - \frac{8}{15} = \frac{7}{15}.
Multiply the combined rate of Clusters X and Y by 4 hours to find the fraction of work completed.
3
Calculate the work completed in Stage 2 when Cluster Y works alone for 2 hours.
Work done by Y in 2 hours = 2×120=110=3302 \times \frac{1}{20} = \frac{1}{10} = \frac{3}{30}. Remaining work = 715110=1430330=1130\frac{7}{15} - \frac{1}{10} = \frac{14}{30} - \frac{3}{30} = \frac{11}{30}.
Subtract the work done by Cluster Y during its solo 2-hour interval from the remaining work.
4
Calculate the time required for Cluster Y and Cluster Z working together to complete the remaining 11/3011/30 of the work.
Combined rate rY+Z=120+130=3+260=560=112r_{Y+Z} = \frac{1}{20} + \frac{1}{30} = \frac{3 + 2}{60} = \frac{5}{60} = \frac{1}{12}. Time t=11/301/12=1130×12=13230=4.4t = \frac{11/30}{1/12} = \frac{11}{30} \times 12 = \frac{132}{30} = 4.4 hours.
Divide the remaining workload fraction by the combined hourly work rate of Clusters Y and Z.

Key Concept

Combined Work Rate in Multi-Stage Problems
Estimated Time:2m 0s
Question 106Question

A chemist prepares a mixture by combining 2020 liters of a 10%10\% saline solution with 3030 liters of a 20%20\% saline solution. What is the saline concentration, as a percentage, of the resulting mixture?

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Answer: 16

Answer

The concentration of the resulting mixture is 16%16\%.
The total amount of pure saline in the mixture is 88 liters out of a total solution volume of 5050 liters. The overall concentration is 850×100%=16%\frac{8}{50} \times 100\% = 16\%.

Step-by-Step Solution

1
Calculate the total amount of pure saline solute contributed by both solutions.
20 L×0.10+30 L×0.20=2+6=8 liters20 \text{ L} \times 0.10 + 30 \text{ L} \times 0.20 = 2 + 6 = 8 \text{ liters}
The total solute is the sum of the solute amounts in each component solution.
2
Calculate the total volume of the combined mixture.
20+30=50 liters20 + 30 = 50 \text{ liters}
The combined volume is the sum of the individual volumes.
3
Compute the weighted average concentration of the mixture.
850=0.16=16%\frac{8}{50} = 0.16 = 16\%
The weighted average concentration equals total solute divided by total solution volume.

Key Concept

Weighted Average in Mixture Problems
Question 107Question

A pharmaceutical facility uses two automated purification columns, Column XX and Column YY, to process standard batches of a synthetic compound. Working alone at its constant rate, Column XX can purify a full batch in 1515 hours, while Column YY can purify a full batch in 1010 hours working alone at its constant rate. Column XX begins purifying a batch alone. After 33 hours, Column YY is turned on to work alongside Column XX, and both columns work together at their respective constant rates until the batch is completely purified. What is the total time, in hours, from the moment Column XX started until the batch is completely purified?

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Answer: 7.8 hours

Answer

7.8 hours
The correct answer of 7.8 hours is obtained by evaluating the work completed in stages. In the first 3 hours, Column X completes 3/15 or 1/5 of the batch, leaving 4/5 of the batch remaining. When Column Y joins Column X, their combined rate is 1/15 + 1/10 = 1/6 batch per hour. Completing the remaining 4/5 of the batch at a rate of 1/6 per hour requires (4/5) / (1/6) = 4.8 hours. Adding the initial 3 hours yields a total time of 7.8 hours.

Step-by-Step Solution

1
Determine the individual hourly work rates for each column
Rate of Column X=115X = \frac{1}{15} batch per hour; Rate of Column Y=110Y = \frac{1}{10} batch per hour.
Work rate is the reciprocal of total time required to complete one full job.
2
Calculate the fraction of work completed during the initial stage
Work done by X=3×115=315=15X = 3 \times \frac{1}{15} = \frac{3}{15} = \frac{1}{5} of the batch.
Column XX works alone for the first 3 hours.
3
Find the remaining fraction of work to be completed
Remaining work =115=45= 1 - \frac{1}{5} = \frac{4}{5} of the batch.
Subtract the completed fraction from the total job (1 full batch).
4
Determine the combined work rate of both columns working together
Combined rate =115+110=230+330=530=16= \frac{1}{15} + \frac{1}{10} = \frac{2}{30} + \frac{3}{30} = \frac{5}{30} = \frac{1}{6} batch per hour.
Rates add when two entities work simultaneously.
5
Calculate the time required for both columns to finish the remaining work
Time together =Remaining WorkCombined Rate=4/51/6=45×6=245=4.8= \frac{\text{Remaining Work}}{\text{Combined Rate}} = \frac{4/5}{1/6} = \frac{4}{5} \times 6 = \frac{24}{5} = 4.8 hours.
Time equals work divided by rate.
6
Calculate the total elapsed time from the start
Total time =3 hours (alone)+4.8 hours (together)=7.8= 3 \text{ hours (alone)} + 4.8 \text{ hours (together)} = 7.8 hours.
Add the initial duration to the combined working duration.

Key Concept

Work Rate and Combined Work
Question 108Question

A store owner purchases a bicycle for $150. To establish the list price, the store owner marks up the cost price by 40%. During a promotional sale, the bicycle is sold at a 20% discount off the list price. What is the store owner's net profit from the sale of the bicycle?

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Answer: $18

Answer

$18
The correct answer of 18isobtainedbyfirstcalculatingthelistprice(18 is obtained by first calculating the list price ( 150 + 40% of 150=150 = 210), then computing the selling price (21020210 - 20% of 210 = 168),andfinallyfindingtheprofit(168), and finally finding the profit ( 168 - 150=150 = 18).

Step-by-Step Solution

1
Calculate the list price after a 40% markup on the cost price of $150.
List Price = 150×1.40=150 × 1.40 = 210
Markup is applied directly to the cost price.
2
Calculate the selling price after a 20% discount on the list price of $210.
Selling Price = 210×(10.20)=210 × (1 - 0.20) = 210 × 0.80 = $168
Discounts are calculated based on the list price, not the cost price.
3
Subtract the original cost price from the final selling price to find the net profit.
Net Profit = 168168 - 150 = $18
Profit is the difference between total revenue (selling price) and total cost.

Key Concept

Successive percentage changes with different bases (cost price vs. list price)
Question 109Question

An international airline surveyed 360360 frequent flyers regarding three premium services they utilized during the past year: First-Class Lounge Access, Priority Baggage Handling, and In-Flight Wi-Fi. The survey revealed the following data:

- Every surveyed passenger utilized at least one of the three services.
- 220220 passengers utilized First-Class Lounge Access.
- 180180 passengers utilized Priority Baggage Handling.
- 140140 passengers utilized In-Flight Wi-Fi.
- 6060 passengers utilized all three services.

If the ratio of the number of passengers who utilized exactly one service to the number of passengers who utilized exactly two services is 4:14 : 1, how many passengers utilized exactly two services?

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Answer: 6060

Answer

The number of passengers who utilized exactly two services is 60.
By breaking the total set of passengers into disjoint groups—those using exactly one service (E1E_1), exactly two services (E2E_2), all three services (E3=60E_3 = 60), and none (None=0\text{None} = 0)—we set up the equation 360=E1+E2+60+0360 = E_1 + E_2 + 60 + 0. Subtracting 6060 from both sides gives E1+E2=300E_1 + E_2 = 300. Given the ratio E1:E2=4:1E_1 : E_2 = 4 : 1, we substitute E1=4E2E_1 = 4E_2, yielding 5E2=3005E_2 = 300, so E2=60E_2 = 60.

Step-by-Step Solution

1
Set up the fundamental 3-set total elements equation in terms of disjoint regions.
Total=E1+E2+E3+None\text{Total} = E_1 + E_2 + E_3 + \text{None}, where E1E_1 is exactly 1 service, E2E_2 is exactly 2 services, and E3E_3 is all 3 services.
Categorizing members into mutually exclusive regions simplifies group accounting without double-counting.
2
Substitute the known values into the total elements formula.
360=E1+E2+60+0    E1+E2=300360 = E_1 + E_2 + 60 + 0 \implies E_1 + E_2 = 300.
Since every passenger used at least one service, None=0\text{None} = 0, leaving 300300 passengers who used either exactly 1 or exactly 2 services.
3
Apply the given ratio of E1:E2=4:1E_1 : E_2 = 4 : 1 to solve for E2E_2.
E1=4E2    4E2+E2=300    5E2=300    E2=60E_1 = 4E_2 \implies 4E_2 + E_2 = 300 \implies 5E_2 = 300 \implies E_2 = 60.
The ratio implies that out of 55 total parts for E1+E2E_1 + E_2, 11 part represents E2E_2.

Key Concept

3-Set Overlapping Sets Disjoint Regions Formula
Estimated Time:2m 0s
Question 110Question

A municipal water treatment facility uses three pumps—Pump PP, Pump QQ, and Pump RR—to fill a main reservoir. Working alone at their respective constant rates, Pump PP can fill the reservoir in 20 hours, Pump QQ in 30 hours, and Pump RR in 40 hours.

All three pumps begin filling the empty reservoir simultaneously. After 4 hours, Pump PP shuts off. Pumps QQ and RR continue operating together for another 8 hours before Pump QQ is also shut off. Pump RR continues to run alone until the reservoir is completely filled.

How many total hours does it take to fill the reservoir from the start of the process until it is completely filled?

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Answer: 16

Answer

The total time required to fill the reservoir from start to finish is 16 hours.
Converting the individual completion times into work rates per hour (1/20, 1/30, and 1/40 of the reservoir per hour) allows us to determine the combined output per phase. In the first 4 hours, all three pumps fill 52/120 of the reservoir. In the next 8 hours, Pumps Q and R fill 56/120 of the reservoir. This leaves 12/120 (or 1/10) of the job remaining. Pump R, working at a rate of 1/40 per hour, takes 4 hours to complete the final 1/10. Adding all three durations (4 + 8 + 4) gives a total of 16 hours.

Step-by-Step Solution

1
Determine the individual hourly rates of work for each pump.
Pump P completes 120\frac{1}{20} of the job per hour, Pump Q completes 130\frac{1}{30} of the job per hour, and Pump R completes 140\frac{1}{40} of the job per hour.
Work rate is the reciprocal of the total time required to complete one whole task.
2
Calculate the work completed during Stage 1 (4 hours with all 3 pumps working).
Combined rate = 120+130+140=6+4+3120=13120\frac{1}{20} + \frac{1}{30} + \frac{1}{40} = \frac{6 + 4 + 3}{120} = \frac{13}{120}. Work done = 4×13120=521204 \times \frac{13}{120} = \frac{52}{120}.
Work done equals combined rate multiplied by time spent working together.
3
Calculate the work completed during Stage 2 (8 hours with Pumps Q and R working).
Combined rate of Q and R = 130+140=4+3120=7120\frac{1}{30} + \frac{1}{40} = \frac{4 + 3}{120} = \frac{7}{120}. Work done = 8×7120=561208 \times \frac{7}{120} = \frac{56}{120}.
Only Pumps Q and R are active during this second period.
4
Calculate the remaining fraction of work after Stage 1 and Stage 2.
Total work done so far = 52120+56120=108120=910\frac{52}{120} + \frac{56}{120} = \frac{108}{120} = \frac{9}{10}. Remaining work = 1910=1101 - \frac{9}{10} = \frac{1}{10}.
Subtracting completed work from the whole (1) leaves the remaining work to be completed.
5
Calculate the time required for Pump R to finish the remaining work alone.
Time = 1/101/40=4010=4\frac{1/10}{1/40} = \frac{40}{10} = 4 hours.
Time equals remaining work divided by the individual rate of Pump R.
6
Sum the time spent across all stages.
Total time = 4 hours (Stage 1)+8 hours (Stage 2)+4 hours (Stage 3)=164 \text{ hours (Stage 1)} + 8 \text{ hours (Stage 2)} + 4 \text{ hours (Stage 3)} = 16 hours.
The total elapsed time is the sum of the durations of each distinct phase.

Key Concept

Work Rate and Combined Work in Multi-Stage Processes

Alternative Method

Assume a convenient total reservoir volume equal to the least common multiple of the times: 120 units. Pump P produces 6 units/hr, Pump Q produces 4 units/hr, and Pump R produces 3 units/hr. Stage 1 (4 hrs): 4 × (6 + 4 + 3) = 52 units. Stage 2 (8 hrs): 8 × (4 + 3) = 56 units. Total filled = 108 units. Remaining = 12 units. Stage 3 (Pump R alone): 12 / 3 = 4 hrs. Total time = 4 + 8 + 4 = 16 hours.
Estimated Time:2m 0s
Question 111Question

A cyclist travels from Town A to Town B, a distance of 6060 miles, at a constant speed of 3030 miles per hour. On the return trip from Town B to Town A along the exact same route, she travels at a constant speed of 2020 miles per hour. What is the cyclist's average speed, in miles per hour, for the entire round trip?

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Answer: 24 miles per hour

Answer

24 miles per hour
To find the average speed for any multi-leg trip, divide total distance by total time. The first leg of 6060 miles at 3030 mph takes 22 hours. The return leg of 6060 miles at 2020 mph takes 33 hours. The total distance is 120120 miles and total time is 55 hours. Therefore, the average speed is 1205=24\frac{120}{5} = 24 miles per hour.

Step-by-Step Solution

1
Calculate the time taken for the trip from Town A to Town B.
t1=6030=2t_1 = \frac{60}{30} = 2 hours
Time equals distance divided by speed.
2
Calculate the time taken for the return trip from Town B to Town A.
t2=6020=3t_2 = \frac{60}{20} = 3 hours
Time equals distance divided by speed.
3
Find the total distance and total time for the round trip.
Total Distance = 60+60=12060 + 60 = 120 miles; Total Time = 2+3=52 + 3 = 5 hours
Average speed is based on the entire journey's distance and duration.
4
Compute the average speed.
\text{Average Speed} = \frac{120}{5} = 24\text{ miles per hour}
\text{Average Speed} = \frac{\text{Total Distance}}{\text{Total Time}}

Key Concept

Average Speed for a Multi-Leg Trip
Estimated Time:1m 0s
Question 112Question

Train X and Train Y depart simultaneously from Station A and Station B, respectively, heading toward each other along a straight, 360-mile track. Train X travels at a constant speed of 40 miles per hour for the first 2 hours, after which its speed increases by 50 percent. Train Y travels at a constant speed of 50 miles per hour for the first hour, stops for 30 minutes due to a signal delay, and then resumes its journey at a constant speed of 70 miles per hour. How many hours after their simultaneous departure will the two trains meet?

Show answer & explanation

Answer: 3.5

Answer

3.5 hours
Evaluating distance piecewise up to t=2t = 2 hours shows Train X covers 80 miles and Train Y covers 85 miles, leaving 195 miles between them. After t=2t = 2 hours, their relative rate of convergence is 60+70=13060 + 70 = 130 mph. Dividing 195 miles by 130 mph yields 1.5 additional hours, bringing the total time since departure to 3.5 hours.

Step-by-Step Solution

1
Determine distance traveled by Train X in the first 2 hours and its new speed.
Train X distance = 40 mph×2 hours=80 miles40 \text{ mph} \times 2 \text{ hours} = 80 \text{ miles}. New speed = 40×(1+0.50)=60 mph40 \times (1 + 0.50) = 60 \text{ mph}.
Train X increases its speed by 50% after the 2-hour mark.
2
Determine distance traveled by Train Y during the first 2 hours.
In hour 1 (t=0t=0 to t=1t=1): 50 mph×1 h=50 miles50 \text{ mph} \times 1 \text{ h} = 50 \text{ miles}. During delay (t=1t=1 to t=1.5t=1.5): 0 miles0 \text{ miles}. From t=1.5t=1.5 to t=2.0t=2.0: 70 mph×0.5 h=35 miles70 \text{ mph} \times 0.5 \text{ h} = 35 \text{ miles}. Total distance = 50+0+35=85 miles50 + 0 + 35 = 85 \text{ miles}.
Accounting for Train Y's initial leg, 30-minute delay, and new speed up to t=2t = 2 hours.
3
Find the remaining distance separating the two trains at t=2t = 2 hours.
Total distance covered by both trains = 80+85=165 miles80 + 85 = 165 \text{ miles}. Remaining distance = 360165=195 miles360 - 165 = 195 \text{ miles}.
Subtracting total distance covered by both trains from the track length of 360 miles.
4
Calculate the time required to cover the remaining distance using relative speed.
Relative closing speed for t>2t > 2 is 60+70=130 mph60 + 70 = 130 \text{ mph}. Additional time = 195130=1.5 hours\frac{195}{130} = 1.5 \text{ hours}.
When two objects move toward each other, their rates add together to find the closing rate.
5
Calculate total elapsed time from departure.
Total time = 2.0+1.5=3.5 hours2.0 + 1.5 = 3.5 \text{ hours}.
Combining the initial 2-hour evaluation window with the additional 1.5 hours required to meet.

Key Concept

Relative speed and piecewise distance calculations for converging vehicles with variable speeds and delays.
Estimated Time:3m 0s
Question 113Question

At a culinary institute, a cohort of 250250 professional chefs was evaluated on three specialized culinary skills: Molecular Gastronomy, Pastry Arts, and Artisanal Baking. Each chef in the cohort possessed proficiency in at least one of the three skills. According to the evaluation report:

- 150150 chefs were proficient in Molecular Gastronomy
- 140140 chefs were proficient in Pastry Arts
- 130130 chefs were proficient in Artisanal Baking
- The number of chefs proficient in all three skills was 3030

How many chefs in the cohort were proficient in EXACTLY ONE of the three skills?

Show answer & explanation

Answer: 110

Answer

110 chefs were proficient in exactly one of the three skills.
The correct answer of 110 is derived by setting up two fundamental 3-set relationships. First, the total number of chefs is the sum of those proficient in exactly one skill (xx), exactly two skills (yy), and all three skills (z=30z = 30), giving x+y+30=250x + y + 30 = 250, so x+y=220x + y = 220. Second, the sum of individual set sizes counts elements according to how many sets they belong to: 150+140+130=x+2y+3(30)150 + 140 + 130 = x + 2y + 3(30), which simplifies to x+2y=330x + 2y = 330. Subtracting the first equation from the second yields y=110y = 110, and substituting y=110y = 110 back into x+y=220x + y = 220 gives x=110x = 110.

Step-by-Step Solution

1
Define variables for the regions of the 3-set Venn diagram
Let xx be the number of chefs proficient in exactly 1 skill, yy be the number proficient in exactly 2 skills, and zz be the number proficient in all 3 skills (z=30z = 30).
Categorizing elements by the exact number of sets they belong to simplifies the set inclusion-exclusion equations.
2
Set up the total population equation
x+y+z=250    x+y+30=250    x+y=220x + y + z = 250 \implies x + y + 30 = 250 \implies x + y = 220
Since every chef is proficient in at least one skill, the sum of all distinct regions equals the total number of chefs (250250).
3
Set up the sum of individual set sizes equation
150+140+130=x+2y+3z    420=x+2y+3(30)    x+2y=330150 + 140 + 130 = x + 2y + 3z \implies 420 = x + 2y + 3(30) \implies x + 2y = 330
Summing the individual set totals counts elements in exactly one set once, elements in exactly two sets twice, and elements in all three sets three times.
4
Solve the system of two linear equations for xx and yy
Subtracting Equation 1 from Equation 2 gives (x+2y)(x+y)=330220    y=110(x + 2y) - (x + y) = 330 - 220 \implies y = 110. Substituting y=110y = 110 back into Equation 1 gives x+110=220    x=110x + 110 = 220 \implies x = 110.
Finding xx directly answers the question regarding chefs proficient in exactly one skill.

Key Concept

Overlapping Sets (3-Set Inclusion-Exclusion and Region Partitioning)
Estimated Time:2m 0s
Question 114Question

A financial firm consists of three departments: Analytics, Trading, and Research. The ratio of the number of analysts in the Analytics department to traders in the Trading department is 2:32:3. The average annual bonus is $90,000\$90,000 for an analyst in the Analytics department, $60,000\$60,000 for a trader in the Trading department, and $45,000\$45,000 for a researcher in the Research department. If the Research department has 4040 researchers and the average annual bonus across all employees in all three departments combined is $64,000\$64,000, how many analysts are in the Analytics department?

Show answer & explanation

Answer: 38

Answer

The Analytics department has 38 analysts.
Using the given ratio 2:32:3, let the number of analysts be 2k2k and traders be 3k3k. The weighted average bonus for these two groups is 2k(90,000)+3k(60,000)5k=$72,000\frac{2k(90,000) + 3k(60,000)}{5k} = \$72,000. Combining this sub-group with the 40 researchers earning $45,000\$45,000 gives an overall average of 72,000(5k)+45,000(40)5k+40=64,000\frac{72,000(5k) + 45,000(40)}{5k + 40} = 64,000. Solving 360k+18005k+40=64\frac{360k + 1800}{5k + 40} = 64 yields 360k+1800=320k+2560360k + 1800 = 320k + 2560, so 40k=76040k = 760 and k=19k = 19. The number of analysts is 2(19)=382(19) = 38.

Step-by-Step Solution

1
Express the number of employees in Analytics and Trading in terms of a variable kk.
Let NAnalytics=2kN_{\text{Analytics}} = 2k and NTrading=3kN_{\text{Trading}} = 3k. The total number of employees in these two departments is 5k5k.
The ratio of analysts to traders is given as 2:32:3.
2
Calculate the combined average bonus for the Analytics and Trading departments.
Combined average = 2k(90,000)+3k(60,000)5k=180,000k+180,000k5k=360,000k5k=$72,000\frac{2k(90,000) + 3k(60,000)}{5k} = \frac{180,000k + 180,000k}{5k} = \frac{360,000k}{5k} = \$72,000.
Weighting each department's average bonus by its relative ratio simplifies the calculation.
3
Set up the weighted average equation combining all three departments.
\frac{72,000(5k) + 45,000(40)}{5k + 40} = 64,000
The total bonus pool divided by the total number of employees across all three departments equals the overall average bonus of $64,000\$64,000.
4
Solve for kk and find the number of analysts.
Dividing all terms by 1,0001,000 yields 360k+18005k+40=64    360k+1800=320k+2560    40k=760    k=19\frac{360k + 1800}{5k + 40} = 64 \implies 360k + 1800 = 320k + 2560 \implies 40k = 760 \implies k = 19. Therefore, NAnalytics=2k=2(19)=38N_{\text{Analytics}} = 2k = 2(19) = 38.
Linear algebraic simplification isolates kk to compute the requested quantity.

Key Concept

Weighted Averages with Compound Ratios

Alternative Method

Use the scale-balance method for weighted averages: The combined average of Analytics and Trading is $72,000\$72,000. The Research average is $45,000\$45,000, and the target combined average is $64,000\$64,000. The distances from the target are (72,00064,000)=8,000(72,000 - 64,000) = 8,000 and (64,00045,000)=19,000(64,000 - 45,000) = 19,000. The ratio of group sizes (NAnalytics+Trading:NResearch)(N_{\text{Analytics}+\text{Trading}} : N_{\text{Research}}) is inversely proportional to these distances: 5k:40=19,000:8,000=19:85k : 40 = 19,000 : 8,000 = 19 : 8. Cross-multiplying gives 40k=760    k=1940k = 760 \implies k = 19, so analysts =2k=38= 2k = 38.
Estimated Time:2m 0s
Question 115Question

A container holds a solution of acid and water that is 50%50\% acid by volume. First, 2020 liters of the solution are removed and replaced with 2020 liters of pure water, resulting in a solution that is 40%40\% acid by volume. Next, 2525 liters of this 40%40\% solution are removed and replaced with 2525 liters of pure acid. What is the percentage of acid, by volume, in the final solution?

Show answer & explanation

Answer: 55%55\%

Answer

The final concentration of acid by volume is 55%55\%.
The solution requiring 55%55\% concentration is correct. From the first replacement step, we establish that the total container volume is 100100 liters (since removing 2020 liters of 50%50\% solution leaves 0.50V100.50V - 10 liters of acid, and 0.50V10V=0.40\frac{0.50V - 10}{V} = 0.40 yields V=100V = 100). Before the second replacement, the container holds 4040 liters of acid. Removing 2525 liters of this 40%40\% solution removes 1010 liters of acid, leaving 3030 liters of acid in 7575 liters of solution. Adding 2525 liters of pure acid increases the acid amount to 5555 liters in a total volume of 100100 liters, producing a final concentration of 55%55\%.

Step-by-Step Solution

1
Determine the total volume of the container (VV) using the first replacement step.
Initial acid volume is 0.50V0.50V. Removing 2020 liters of solution removes 0.50×20=100.50 \times 20 = 10 liters of acid. Replacing with 2020 liters of pure water restores total volume to VV with an acid content of 0.50V100.50V - 10. Setting up the new concentration equation: 0.50V10V=0.40    0.50V10=0.40V    0.10V=10    V=100\frac{0.50V - 10}{V} = 0.40 \implies 0.50V - 10 = 0.40V \implies 0.10V = 10 \implies V = 100 liters.
Finding the fixed total volume of the container is required to calculate the exact amounts of acid removed and added in subsequent steps.
2
Calculate the amount of acid remaining after removing 2525 liters of the 40%40\% solution.
Before the second step, the container has 100100 liters of 40%40\% acid solution, which contains 0.40×100=400.40 \times 100 = 40 liters of acid. Removing 2525 liters of this solution removes 0.40×25=100.40 \times 25 = 10 liters of acid. Acid remaining in the container =4010=30= 40 - 10 = 30 liters.
When solution is removed, both solute (acid) and solvent (water) are removed proportional to their concentration.
3
Calculate the final acid concentration after adding 2525 liters of pure acid.
Adding 2525 liters of pure (100%100\%) acid adds exactly 2525 liters of acid. Total final acid =30+25=55= 30 + 25 = 55 liters. Total final volume =(10025)+25=100= (100 - 25) + 25 = 100 liters. Final concentration =55100×100%=55%= \frac{55}{100} \times 100\% = 55\%.
The new concentration is the total volume of acid divided by the total volume of the solution.

Key Concept

Multi-stage removal and replacement in mixture problems
Estimated Time:2m 0s
Question 116Question

A craft brewery blends three types of hops—Cascade, Centennial, and Mosaic—in a master batch. Initially, the weights of Cascade, Centennial, and Mosaic hops are in the ratio 3:4:53 : 4 : 5, respectively. After 1212 kilograms of Cascade hops and 1212 kilograms of Centennial hops are added to the batch, the new ratio of Cascade to Centennial to Mosaic becomes 5:6:55 : 6 : 5. What was the initial weight, in kilograms, of Centennial hops in the master batch?

Show answer & explanation

Answer: 2424

Answer

The initial weight of Centennial hops in the master batch was 2424 kilograms.
Let the initial weights of Cascade, Centennial, and Mosaic hops be 3x3x, 4x4x, and 5x5x kilograms, respectively. Adding 1212 kg to Cascade and Centennial gives new weights of 3x+123x + 12 kg and 4x+124x + 12 kg, while Mosaic stays at 5x5x kg. Equating the ratio of New Cascade to New Mosaic (3x+125x\frac{3x + 12}{5x}) to the new ratio term (55=1\frac{5}{5} = 1) yields 3x+12=5x3x + 12 = 5x, so 2x=122x = 12 and x=6x = 6. Therefore, the initial weight of Centennial hops was 4x=4(6)=244x = 4(6) = 24 kg.

Step-by-Step Solution

1
Define initial quantities using a common ratio multiplier xx.
Cascade = 3x3x kg, Centennial = 4x4x kg, Mosaic = 5x5x kg.
An initial ratio of 3:4:53 : 4 : 5 means the actual weights are multiples of xx.
2
Express the new quantities after adding the specified weights.
New Cascade = 3x+123x + 12, New Centennial = 4x+124x + 12, New Mosaic = 5x5x.
1212 kg of Cascade and 1212 kg of Centennial were added, while Mosaic remained unchanged.
3
Set up a proportion using the unchanged quantity and the new ratio.
Since Mosaic quantity remains 5x5x and its component in the new ratio 5:6:55 : 6 : 5 is 55, the multiplier for the new ratio is also xx.
Comparing New Cascade to New Mosaic: 3x+125x=55=1    3x+12=5x    2x=12    x=6\frac{3x + 12}{5x} = \frac{5}{5} = 1 \implies 3x + 12 = 5x \implies 2x = 12 \implies x = 6.
4
Calculate the initial weight of Centennial hops.
Initial Centennial weight = 4x=4×6=244x = 4 \times 6 = 24 kilograms.
Multiplying the ratio part for Centennial (44) by the multiplier (x=6x = 6) gives the initial weight.

Key Concept

Ratio scaling and setting up algebraic equations for altered multi-part ratios.
Estimated Time:2m 0s
Question 117Question

A commuter drives from home to work at a constant speed of 4545 miles per hour and arrives 1010 minutes late. On the following day, driving along the exact same route at a constant speed of 6060 miles per hour, the commuter arrives 55 minutes early. What is the distance, in miles, from the commuter's home to work?

Show answer & explanation

Answer: 45

Answer

The distance from the commuter's home to work is 45 miles.
Let dd be the distance in miles between home and work. At 4545 miles per hour, the time taken is d45\frac{d}{45} hours. At 6060 miles per hour, the time taken is d60\frac{d}{60} hours. The difference between being 1010 minutes late and 55 minutes early is 1515 minutes, or 1560=14\frac{15}{60} = \frac{1}{4} hour. Setting up the equation d45d60=14\frac{d}{45} - \frac{d}{60} = \frac{1}{4} and finding a common denominator of 180180 gives 4d3d180=14\frac{4d - 3d}{180} = \frac{1}{4}, which simplifies to d180=14\frac{d}{180} = \frac{1}{4}. Multiplying both sides by 180180 yields d=45d = 45 miles.

Step-by-Step Solution

1
Calculate the difference in travel time between the two trips in hours.
The time difference is 10 minutes late - (-5 minutes early) = 15 minutes = 1/4 hour.
Since speeds are given in miles per hour, time must be expressed in hours.
2
Set up an equation relating the two travel times using the formula time = distance / speed.
d/45 - d/60 = 1/4, where d represents the distance in miles.
The slower speed (45 mph) takes 1/4 hour longer than the faster speed (60 mph).
3
Solve the equation for the distance variable d.
(4d - 3d)/180 = 1/4 => d/180 = 1/4 => d = 45.
Find a common denominator for 45 and 60, which is 180, and solve for d.

Key Concept

Rate, Time, and Distance Problems
Question 118Question

At a commercial bank, an audit of 300300 business loan applications revealed that each application underwent at least one of three specialized risk evaluations: Credit Risk, Market Risk, and Operational Risk. Exactly 180180 applications underwent Credit Risk evaluation, 150150 underwent Market Risk evaluation, and 135135 underwent Operational Risk evaluation. If exactly 9595 applications underwent exactly two of the three risk evaluations, how many loan applications underwent all three risk evaluations?

Show answer & explanation

Answer: 35

Answer

35 loan applications underwent all three risk evaluations.
The total number of applications is 300300. The sum of individual evaluations is 180+150+135=465180 + 150 + 135 = 465. Using the Venn diagram region formula, Sum of individual setsTotal=Exactly 2+2×(Exactly 3)\text{Sum of individual sets} - \text{Total} = \text{Exactly } 2 + 2 \times (\text{Exactly } 3). Substituting the known values gives 465300=95+2x465 - 300 = 95 + 2x, which simplifies to 165=95+2x165 = 95 + 2x. Solving for xx gives 2x=702x = 70, so x=35x = 35.

Step-by-Step Solution

1
State the fundamental overlapping set region equation for 3 sets.
\text{Total} = \text{Exactly } 1 + \text{Exactly } 2 + \text{Exactly } 3 + \text{Neither}
Every application falls into exactly one of these non-overlapping region categories.
2
Calculate the sum of the individual set counts.
180 + 150 + 135 = 465
Summing individual set counts counts items in 1 set once, 2 sets twice, and 3 sets three times.
3
Formulate the algebraic identity linking individual sums to region totals.
\text{Sum of Individual Sets} = \text{Exactly } 1 + 2(\text{Exactly } 2) + 3(\text{Exactly } 3)
This accounts for the multiple counting of overlapping regions.
4
Subtract the Total equation from the Sum equation to eliminate the 'Exactly 1' term.
465 - 300 = \text{Exactly } 2 + 2(\text{Exactly } 3) \Rightarrow 165 = 95 + 2(\text{Exactly } 3)
Subtracting (Exactly 1+Exactly 2+Exactly 3)(\text{Exactly } 1 + \text{Exactly } 2 + \text{Exactly } 3) from (Exactly 1+2Exactly 2+3Exactly 3)(\text{Exactly } 1 + 2\cdot\text{Exactly } 2 + 3\cdot\text{Exactly } 3) leaves 1Exactly 2+2Exactly 31\cdot\text{Exactly } 2 + 2\cdot\text{Exactly } 3.
5
Solve the linear equation for the 'Exactly 3' intersection.
2(\text{Exactly } 3) = 165 - 95 = 70 \Rightarrow \text{Exactly } 3 = 35
Dividing the remaining difference of 70 by 2 gives the number of applications in all three sets.

Key Concept

Three-Set Venn Diagram Region Decomposition
Question 119Question

An agricultural facility uses two automated loading conveyors, Conveyor AA and Conveyor BB, to fill a grain storage silo. Working alone at its constant rate, Conveyor AA can fill the silo in 10 hours. Working alone at its constant rate, Conveyor BB can fill the silo in 15 hours. Conveyor AA begins filling the empty silo alone. After 4 hours, Conveyor BB is turned on, and both conveyors work together at their respective constant rates until the silo is completely full. How many total hours does it take, from the moment Conveyor AA starts, to completely fill the silo?

Show answer & explanation

Answer: 7.6

Answer

The total time required to fill the silo is 7.6 hours.
Conveyor A fills 1/10 of the silo per hour and works alone for 4 hours, completing 2/5 of the total job. The remaining 3/5 of the job is completed by both conveyors working together at a combined rate of 1/10 + 1/15 = 1/6 silo per hour. Dividing 3/5 by 1/6 gives 3.6 hours for the second stage. Adding the initial 4 hours yields a total time of 7.6 hours.

Step-by-Step Solution

1
Determine the individual hourly rates of Conveyor A and Conveyor B.
Conveyor A rate = 1/101/10 silo per hour; Conveyor B rate = 1/151/15 silo per hour.
Work rate is the reciprocal of the time required to complete the total job.
2
Calculate the fraction of the silo filled by Conveyor A working alone for 4 hours.
Work completed = 4×110=254 \times \frac{1}{10} = \frac{2}{5} of the silo.
Work done equals rate multiplied by time.
3
Determine the remaining fraction of work to be completed.
Remaining work = 125=351 - \frac{2}{5} = \frac{3}{5} of the silo.
Subtract the completed fraction from the total job (1).
4
Calculate the combined work rate when both conveyors operate together.
Combined rate = 110+115=3+230=530=16\frac{1}{10} + \frac{1}{15} = \frac{3 + 2}{30} = \frac{5}{30} = \frac{1}{6} silo per hour.
When working together, individual rates add up.
5
Determine the time required for both conveyors to finish the remaining work.
Time = 3/51/6=185=3.6\frac{3/5}{1/6} = \frac{18}{5} = 3.6 hours.
Divide remaining work by the combined work rate.
6
Sum the time spent in both stages to find the total time.
Total time = 4+3.6=7.64 + 3.6 = 7.6 hours.
The total duration includes 4 hours of Conveyor A operating alone plus 3.6 hours of combined operation.

Key Concept

Work Rate and Combined Work
Question 120Question

A merchant purchased a shipment of 200 identical items for a total cost of 8,000.Themerchantmarkedupthecostpriceofeachitemby8,000. The merchant marked up the cost price of each item by P percenttoestablishitslistprice.Duringthefirstmonthofsales,60percentoftheitemsweresoldatthelistprice.Duringthesecondmonth,50percentoftheremainingitemsweresoldata20percentdiscountoffthelistprice.Theremainingitemswerethensoldduringaclearancesaleata50percentdiscountoffthelistprice.Ifthemerchantmadeanoverallnetprofitof29percentonthetotalpurchasecostoftheshipment,whatisthevalueof percent to establish its list price. During the first month of sales, 60 percent of the items were sold at the list price. During the second month, 50 percent of the remaining items were sold at a 20 percent discount off the list price. The remaining items were then sold during a clearance sale at a 50 percent discount off the list price. If the merchant made an overall net profit of 29 percent on the total purchase cost of the shipment, what is the value of P$?

Show answer & explanation

Answer: 50

Answer

The value of PP is 50.
The unit cost of each item is $8,000200=$40\frac{\$8,000}{200} = \$40. To make an overall net profit of 29%, total revenue must equal $8,000×1.29=$10,320\$8,000 \times 1.29 = \$10,320. Sales are divided into three tiers: 120 items sold at list price LL, 40 items sold at 0.80L0.80L, and 40 items sold at 0.50L0.50L. Summing the revenue yields 120L+32L+20L=172L120L + 32L + 20L = 172L. Solving 172L=10,320172L = 10,320 gives L=60L = 60. The percentage markup over cost price is 604040×100=50%\frac{60 - 40}{40} \times 100 = 50\%.

Step-by-Step Solution

1
Calculate the unit cost price and required total revenue.
Unit cost C=$8,000200=$40C = \frac{\$8,000}{200} = \$40. Total target revenue R=$8,000×(1+0.29)=$10,320R = \$8,000 \times (1 + 0.29) = \$10,320.
Determining the total required revenue sets the benchmark to solve for the list price.
2
Determine the quantity of items sold at each price tier.
Month 1 sales: 0.60×200=1200.60 \times 200 = 120 items at list price LL.
Month 2 sales: 0.50×(200120)=400.50 \times (200 - 120) = 40 items at discounted price 0.80L0.80L.
Clearance sales: 20012040=40200 - 120 - 40 = 40 items at clearance price 0.50L0.50L.
Categorizing quantities by price tier enables building the total revenue expression.
3
Express total revenue in terms of list price LL and solve for LL.
Total Revenue = 120L+40(0.80L)+40(0.50L)=120L+32L+20L=172L120L + 40(0.80L) + 40(0.50L) = 120L + 32L + 20L = 172L.
Setting 172L=10,320    L=10,320172=60172L = 10,320 \implies L = \frac{10,320}{172} = 60.
Summing revenue from all tiers and equating to target revenue yields the list price per item.
4
Calculate the markup percentage PP.
P=LCC×100=604040×100=50%P = \frac{L - C}{C} \times 100 = \frac{60 - 40}{40} \times 100 = 50\%.
Percentage markup is measured relative to the initial cost price per unit.

Key Concept

Multi-tiered inventory pricing and percentage markup calculation
Estimated Time:2m 30s
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