7 - General Word Problems Flashcards

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16
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17
Q

Mixture Problems - 2 Variables

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18
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24
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Steps for Age Problems

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26
Q

How do you calculate price per item?

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27
Q

Profit formula

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Profit = Total Revenue - [Total Fixed Costs + Total Variable Costs]

28
Q

Dawn is a salesperson who must select between two different options for her annual compensation. Dawn can elect to earn $100,000 per year as a flat salary or $10,000 a year salary plus 30 percent commission on the total dollar amount of. her yearly sales. At what dollar amount of yearly sales would Dawn be indifferent to either compensation package if compensation were her only consideration?

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30
Q

Simple interest formula

A

Principal * Rate * Time

31
Q

Compound Interest Formula

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A = P(1 + r/n)nt

<span>A= future value </span>

<span>P = initial principal </span>

<span>r = interest rate </span>

<span>t = time </span>

<span>n = the number of compounding periods per year </span>

32
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Linear Growth Formula

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Fn = kn + p

Fn = final value after the growth occurs

p = value of the initial value

k = in the constant increase during each period

n = the number of periods during which growth occurs

33
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Exponential Growth Problems

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i * xn

i= initial value

x = growth factor

n= number of growth periods

34
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Growth factor

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Must know the growth factor for growth questions. Note: if given a sequence that is evenly spaced, you can determine the growth factor.

35
Q

Digit formula

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10(Tens Digit) + Ones Digit = Final number

You can use this as one equation in a system of equations.

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37
Q

Objects in a line when you are the mth person from the front of the line and the nth person from the back of the line

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Objects in a line when you are the mth person from the front of the line and the nth person from the back of the line

m+n - 1

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