Ratio of New to Used Car Sales Revenue

MathematicsRatios and ProportionsEasy

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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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1
Step 1

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

$$New : Used = 3 : 5$$
2
Step 2

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.

$$Total Units = 3 + 5 = 8$$
3
Step 3

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.

$$8x = 287400$$
4
Step 4

Now, let's find the value of one unit, which we call x, by dividing the total revenue by eight.

5
Step 5

Doing the division, we find that one unit is equal to thirty-five thousand nine hundred twenty-five dollars.

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About This Question

Subject
Mathematics
Topic
Ratios and Proportions
Difficulty
Easy
Question Type
Open Ended

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