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1. (.012x - .17)(.3x + .54) (0.012x) (0.3x) + (0.012x) (0.54) – (0.17) (0.3x) – (0.17) (0.54) 0.0036+ 0.00648x-0.051x 0.0036-0.0445x-0.0918 2. A well known golfer sells his book help for hackers for \$13.25 per copy. His fixed costs are \$125,000 and he estimates that the variable cost of printing, binding, and distribution are given by -4+ 2880x – 295 dollars. Find expressions for the revenue, cost and profit from selling x thousand copies of the book. Revenue= (price per item) * (number of items sold) = 13.25*1000x = 13250x Cost = fixed costs + variable costs 125000+ -4+2880x-295 125000-4+2880x-295 Profit = Revenue – cost 13250x – (125000-4+2880x-295) 13250x-125000+4 -2880x +295 P = 4 +10370x-124705 3. +16r +60 (factor the polynomial) (r+10) (r+6) r= 6, 10. 4. – 17x + 3 (factor each polynomial completely. Factor out the greatest common factor as necessary) 3+ -17x + 10x 2 = 0 3 + -17x + 10x 2 = 0 (1 + -5x)(3 + -2x) = 0 1 + -5x = 0 1 + -1 + -5x = 0 + -1 0 + -5x = 0 + -1 -5x = 0 + -1 -5x = -1 x = 0.2 3 + -2x = 0 3 + -2x = 0 3 + -3 + -2x = 0 + -3 0 + -2x = 0 + -3 -2x = 0 + -3 -2x = -3 x = 1.5 x = {0.2, 1.5}

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3 / * = 4 / * 5 When a loan is paid off early, a portion of the finance charge must be returned to the borrower. By one method of calculating the finance charge, the amount of unearned interest (finance charge to be returned) is given by u=f. Where u represents unearned interest, f is the original finance charge, n is the number of payments remaining when the loan is paid off, and q is the original number of payments. Find the amount of the unearned interest in this case below. a) Original finance charge = \$1400, loan scheduled to run 48 months, paid off with 12 payments remaining. 8 Maria Matinelli brought two plots of land for a total of \$120,000. On the first plot she made a profit of 15%. On the second, she lost 10%. Her total profit was \$5500. How much did she pay for each piece of land? Let x = the amount of money she spent on the first parcel. Price of the second parcel = 120,000 - x. 15% profit on the sale of the first parcel, so she sold it for x and 15% of x, or 1.15x. She lost 10% on the second parcel, so she sold it for only 90% of her purchase price, or 0.9(120,000 - x). 1.15x + 0.9(120,000 – x) 1.15x + 108,000 - 0.9x. 1.15x-0.9x + 108,000 0.25x + 108,000. \$5500 more than her purchase price of 120,000, so this amount equals 120,000 + 5500: 0.25x + 108,000 = 120,000 + 5500 0.25x + 108,000 = 125,500 0.25x = 17,500 x = \$70,000 for first land Second land is 120,000-x 120,000-70,000 = 50,000 \$50,000 for second land 9 Jack borrowed his father’s luxury car and promised to return it with a full tank of premium gas, which costs \$2.50 per gallon. From experience he knows that he needs 15.5 gallons. But he has only \$38 (and no credit card) which isn’t enough. He decides to get as much premium as possible and fill the remainder of the tank with regular gas which costs \$2.30 per gallon. How much of each type of gas should he get?
38.00 = (2.50) x + (2.30) (15.5-x)

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## This note was uploaded on 03/24/2013 for the course MATH 501 taught by Professor Miller during the Spring '13 term at Union Institute.

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MIDTERM -...

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