Money related questions in linear equations

Money related questions in linear equations

Show me the money! In this lesson, we are going to solve some linear equations word problems that are related to money.
Basic Concepts: Applications of linear equations, Solving systems of linear equations by graphing, Solving systems of linear equations by elimination, Solving systems of linear equations by substitution
Related Concepts: System of linear equations, System of linear-quadratic equations, Graphing systems of linear inequalities

Lessons

  • 1.
    Andy is paid based on a base salary plus commission for selling furniture. One week he sold $5000 worth of furniture and was paid $550, another week was paid $450 on sales of $3500.
    a) What is the rate of commission Andy earns?
    b) What is his weekly base salary?
    c) How much he earn if he sold $7000 dollars worth of furniture one week?
  • 2.
    Tickets are sold at $20 for adults and $10 for students. If the revenue from ticket sales was $12000 and 740 people attended the play; how many adult tickets were sold?
  • 3.
    The cost to insure jewellery is a fixed amount plus a percentage of the value of the jewellery. It costs $32 to insure $1000 worth of jewellery or $44.50 to insure $3500 worth of jewellery. What is the fixed amount to insure jewellery?
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15.
Solving Systems of Linear Equations
15.1
Determining number of solutions to linear equations
15.2
Solving systems of linear equations by graphing
15.3
Using elimination method to solve systems of equations
15.4
Using substitution method to solve systems of equations
15.5
Money related questions in linear equations
15.6
Unknown number related questions in linear equations
15.7
Distance and time related questions in linear equations
15.8
Rectangular shape related questions in linear equations
ASVAB Test Prep
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