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Old 2007-07-27, 15:07   #1
mfgoode
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Question Automobiles!



This is an easy one but holds an important principle to see through.

Question: An automobile agency found that their total annual receipts for the sale of automobiles came to $ 1,111,111.00 but somewhere they lost the record indicating how many cars they had sold. Can you help them?

Mally
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Old 2007-07-27, 15:12   #2
davar55
 
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Are we supposed to assume that 1 car for $1,111,111.00
or 1111111 for $1.00
are not reasonable solutions?

And that fractions of a dollar are not allowed?

Otherwise, factor 1111111 and use one factor for the price
and the other for the number.
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Old 2007-07-27, 15:30   #3
Mini-Geek
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Quote:
Originally Posted by davar55 View Post
Are we supposed to assume that 1 car for $1,111,111.00
or 1111111 for $1.00
are not reasonable solutions?

And that fractions of a dollar are not allowed?

Otherwise, factor 1111111 and use one factor for the price
and the other for the number.
Assuming this is correct, the answer is 239 cars at $4649 each or 4649 cars at $239 each. Both have rather low car costs, but I'd say it's the first one. So the answer is 239 cars at $4649.
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Old 2007-07-27, 16:35   #4
xilman
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Quote:
Originally Posted by mfgoode View Post


This is an easy one but holds an important principle to see through.

Question: An automobile agency found that their total annual receipts for the sale of automobiles came to $ 1,111,111.00 but somewhere they lost the record indicating how many cars they had sold. Can you help them?

Mally
No, I can't help them. Every automobile agency (or car dealerships as we call them) I've ever come across sell a number of different models at a variety of prices.

Your problem is under determined.

Paul
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Old 2007-07-27, 16:48   #5
davieddy
 
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Quote:
Originally Posted by xilman View Post
Your problem is under determined.

Paul
For a change
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Old 2007-07-27, 17:07   #6
mfgoode
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Cool

Quote:
Originally Posted by xilman View Post
No, I can't help them. Every automobile agency (or car dealerships as we call them) I've ever come across sell a number of different models at a variety of prices.

Your problem is under determined.

Paul
Well probably it was the 'Folks' wagon or a Russian agency selling only Zim cars. For that matter selling jeeps at war time by the U.S. for the army. They eventually filtered down to the Indian army. That explains the low price.

Mally

Last fiddled with by mfgoode on 2007-07-27 at 17:08 Reason: add phrase
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Old 2007-07-27, 17:12   #7
mfgoode
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Exclamation Right answer.

Quote:
Originally Posted by Mini-Geek View Post
Assuming this is correct, the answer is 239 cars at $4649 each or 4649 cars at $239 each. Both have rather low car costs, but I'd say it's the first one. So the answer is 239 cars at $4649.
I accept your answer Mini Geek as the best of the lot.
Davar's is okay but he left out the factors.

Mally
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