Calculating Used Car Revenue
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The ratio of revenue of new car sales to used car sales at the car lot is $3:5$. If the total revenue of sales was $\$287,400$ last month, what was the total revenue of the used car sales?
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Step by Step Written Solution
Let's read the problem carefully. The ratio of revenue from new car sales to used car sales is three to five. We know the total revenue from all car sales was 287,400 dollars, and we need to find the revenue from used car sales.
Problem Analysis
To solve this, let's represent the revenue using the ratio parts. We have three parts for new cars and five parts for used cars.
First, combine the terms. Three x plus five x equals eight x.
Now, divide both sides by eight to solve for x, which represents the value of one ratio part.
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