1. Basic Business Math: a. A new yarn shop wants to apportion their investment m
ID: 3428536 • Letter: 1
Question
1. Basic Business Math: a. A new yarn shop wants to apportion their investment money ($150,000) for advertising, building upgrades, and education in the ratio of 7:8:10. How much money does each category get apportioned? b. CatCo has a new line of kitten starter kits. The basic kit features a sandbox, sand, scooper, three cans of kitten food, and catnip. The exotic kit features the premium self-cleaning sandbox with all natural sand, 6 cases of kitten food, a living catnip plant, and a scratching post tower. The basic kit costs $30 and the exotic kit costs $150. Kitten lovers bought 10 times as many basic kits than exotic kits last month. Last month, both types of starter kit had total sales of $15,750 (this is the total for both items). How many basic kits did CatCo sell? How many exotic kits did CatCo Sell?
Explanation / Answer
a)
money for advertaisement = 7/(7+8+10) *150000 = $42,000
money for building upgrades = 8/(7+8+10) *150000 = $48,000
money for education = 10/(7+8+10) *150000 = $60,000
b)
Number of sales for exotic = a
Number of sales for basic = 10a
Price of exotic = $150
Price of basic = $30
Total sales = ($150 x a) + ($30 x 10a) = $15,750
450a= 15750
a=35
35 units of exotic kits sold
350 (i.e, 35*10) units of basic kits sold
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