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?
Do better in math today
Get Started Now
17.
Simultaneous Equations
17.1
Determining number of solutions to linear equations
17.2
Solving simultaneous linear equations by graphing
17.3
Solving simultaneous linear equations by elimination
17.4
Solving simultaneous linear equations by substitution
17.5
Money related questions in linear equations
17.6
Unknown number related questions in linear equations
17.7
Distance and time related questions in linear equations
17.8
Rectangular shape related questions in linear equations
GCE O-Level Maths
Don't just watch, practice makes perfect.