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Maths Question please help?

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Maths Question please help?

Postby ascott87 » Tue Jan 30, 1990 4:18 am

The inhabitants of a small island export a cloth made from a plant that grows only on their island. A clothier from New York, believing that he can save money by "cutting out the middleman," decides to travel to the island and buy the cloth himself. Ignorant of the local custom where strangers are offered outrageous prices initially, the clothier accepts (much to everyone's surprise) the initial price of 400 tepizes/m^2. The price of this cloth in New York is 120 dollars/yard^2. If the clothier bought 500 m^2 of cloth, how much money did he lose? Use 1tepiz = 0.625 dollars and 0.9144 m =1 yard. if you answer correctly you will be my hero.
ascott87
 
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Maths Question please help?

Postby torey » Tue Feb 02, 2010 6:42 pm

cost of 500 sq m at price of 400 tepiz/sq m is 200,000 tepizes or 200,000*0.625 = 125,000 dollars
if he bought it in NY he would have paid for 400 sq m = 400 / 0.9144^2 = 478.4 sq yard at 120 dollar/sq yard = 57,407.5
so he could have saved 125000-57407.5 = 67,592.5 dollars
torey
 
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Maths Question please help?

Postby harlak » Sun Mar 27, 2011 2:22 am

The inhabitants of a small island export a cloth made from a plant that grows only on their island. A clothier from New York, believing that he can save money by "cutting out the middleman," decides to travel to the island and buy the cloth himself. Ignorant of the local custom where strangers are offered outrageous prices initially, the clothier accepts (much to everyone's surprise) the initial price of 400 tepizes/m^2. The price of this cloth in New York is 120 dollars/yard^2. If the clothier bought 500 m^2 of cloth, how much money did he lose? Use 1tepiz = 0.625 dollars and 0.9144 m =1 yard. if you answer correctly you will be my hero.
harlak
 
Posts: 896
Joined: Tue Mar 22, 2011 12:37 am


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