A store sells the basic model of a phone for $60 and the upgraded model for $200. It costs the store $10 to buy each basic model and $50 to buy each upgraded model from the phone company. On Tuesday, the store has $1,800 in sales for these two models, and it paid the phone company $400 to buy these phones. How many upgraded models did the store sell on Tuesday?
Answers
Step-by-step explanation:
Let x = no. of basic model
Let y = no. of upgraded model
Sales : 60x + 200y =1800 .......(I)
Purchase : 10x + 50 y = 400.........(ll)
from equation (1) & (2)
60x+200y-1800=0
10x+50y -400 =0
- - +
————–————————
50x+150y-1400=0..........(3)
...........25x+75y-700=0
20x=200
x=200/20
x =10
10(x)+50y=400
10(10)+50y=400
100+50y=400
50y=400-100
y=300/50
y=6
Given: Basic model of phone sold for $60, upgraded model sold for $200. Cost to the store is $10 for each basic model and $50 for each upgraded model. Store sales is $1,800, cost is $400.
To find: Number of models sold.
Solution:
- Let x be the number of basic models sold and let y be the number of upgraded models sold.
- According to the sales, $60 is the selling price for the basic model, $200 is the selling price of the upgraded model and the total sale of the store on Tuesday is $1800.
- Hence, .
- According to the costs, $10 is the cost price for the basic model, $50 is the cost price of the upgraded model and the total cost to the store on Tuesday is $400.
- Hence, .
- When the equations are solved simultaneously, it is found that,
and
- Here, y is the number of upgraded models sold.
Therefore, 6 upgraded models were sold by the store on Tuesday.