due to economic surges the price of excess suddenly reduced to 40% this enables a woman to buy 64 more eggs for $50 then the reduced price per dozen is
Answers
Answer:
The Reduced price will be $25 .
By formalisation theory of economics it can be solved.
#BAL
Answer:
due to economic surges the price of excess suddenly reduced to 40% this enables a woman to buy 64 more eggs for $50 then the reduced price per dozen is $14.0625
Step-by-step explanation:
Let x be the price of each egg.
If the price is reduced to 40%, the new price of the egg is given by:
40/100 × x = 0.4x
At the beginning, with $50, the woman could buy the following number of eggs.
Eggs = 50/x
Now that the price is reduced to 0.4x, she is able to buy 64 more eggs.
Writing this down we have:
50/0.4x = 50/x + 64
Let's work out the value of x as follows:
x(50) = 0.4x(50) + x(0.4x)64
50x = 20x + 25.6x²
50x - 20x = 25.6x²
25.6x² = 30x
x = 30x/25.6x
x = $1 11/64
So the price of each egg is $1 11/64
A crate has 12 eggs.
So the price of a crate is =12 × 1 11/64 = $14.0625