Ratio of New to Used Car Sales Revenue
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1. The ratio of revenue of new car sales to used car sales at the car lot is $3 : 5$. If the total revenue of car sales was $287,400 last month, what was the total revenue of the used car sales?
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Let's solve this ratio problem step by step. We are given that the ratio of new car sales to used car sales is three to five.
Ratio Problem
This means for every three units of new car revenue, there are five units of used car revenue. Together, that's a total of eight units.
We know the total revenue for all car sales is two hundred eighty-seven thousand four hundred dollars. So, eight units must equal that amount.
Now, let's find the value of one unit, which we call x, by dividing the total revenue by eight.
Doing the division, we find that one unit is equal to thirty-five thousand nine hundred twenty-five dollars.
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