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isalita
01.09.2020 •
Mathematics
20 people fit comfortably in a 9 feet by 10 feet area. Use this value to estimate the size of a crowd that is 7 feet deep on BOTH sides of the street along 1,500 inches of a parade route. Please show work c: Merci!
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Ответ:
The house could be sold between £ 77,000 and £ 79,500
Step-by-step explanation:
Cost of the house = £ 55,000
40% profit on the amount paid for the house = 40% * 55,000 = 0.4 * 55,000 = £ 22,000
Suggested price with at least 40% profit = £ 55,000 + £ 22,000
Suggested price with at least 40% profit = £ 77,000
Properties price on the same street:
Property 1 £75,000
Property 2 £80,000
Property 3 £83,500
Mean of these prices = (75,000 + 80,000 + 83,500) / 3
Mean of these prices = 238,500 / 3
Mean of these prices = £ 79,500
Therefore the price could be between £ 77,000 (40% profit on the amount paid for the house 10 years ago) and £ 79,500 (the mean price of the properties currently for sale on the same street)