Question
The average annual energy cost for a certain home is $4,334. The homeowner plans to spend $25,000 to install a geothermal heating system. The homeowner estimates that the average annual energy cost will then be $2,712. Which of the following inequalities can be solved to find t, the number of years after installation at which the total amount of energy cost savings will exceed the installation cost?
- 25,000 > (4,334 − 2,712) t
- 25,000 < (4,334 − 2,712) t
- 25,000 − 4,334 > 2,712t
The correct answer is: 25,000 < (4,334 − 2,712) t
Estimated cost to install a geothermal heating system is $25,000
The actual average annual energy cost is $4,331. Estimated average annual energy cost is $2,712.
The homeowner estimate is lesser than the actual average. That is, the homeowner estimates (4334 - 2712) less than the actual
For t years, the difference between the actual and estimated average becomes: (4334 – 2712) t.
The actual cost to install a geothermal heating system is (4334 - 2712) t greater than the estimate $25,000 Thus, 25,000 < (4334 - 2712) t
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A fashion buyer for a large retail store purchased 315 items directly from the manufacturer for a total of $6000. Some of the items were dresses purchased for $25 each, and the rest were shirts purchased for $10 each. How many more dresses than shirts did the buyer purchase?
A purchase price is the economic value, usually expressed in fiat currency at the time of purchase, for which a buyer pays for a product, service, or asset. The compensation for this value can be in the form of fiat currency or something else, such as services as payment or benefits in kind.
A purchase formula is a formula that is used to calculate the invoice amount, including discounts and taxes. The default Purchase formula is not always useful to users because the invoice amount calculation varies for different suppliers depending on the type of origin of the arrived goods, tax, and other charges levied on the purchased items.
The basic amount is the gross amount. It is the sum that includes only the purchase price of the items.
Gross Amount = Quantity * Purchase Price