Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A uranium mining town reported population declines of 3 . 2 % , 5 . 2 % , and 4 . 7 % for the

A uranium mining town reported population declines of 3.2%,5.2%, and 4.7% for the three successive five-year periods 1985-89,
1990-94, and 1995-99. If the population at the end of 1999 was 9,320:
a. How many people lived in the town at the beginning of 1985?(Round your answer to the nearest whole number.)
Number of the people
b. What was the population loss in each of the five-year periods? (Round your answers to the nearest whole number.)
1985-1989
1990-1994
1
1995-1999
To raise funds for its community activities, a Lions Club chapter is negotiating with International Carnivals to bring its midway rides and
games to town for a three-day opening. The event will be held on part of the parking lot of a local shopping centre, which is to receive
10% of the gross revenue. The Lions Club members will sell the ride and game tickets at the site. International Carnivals requires either
$15,000 plus 30% of revenue or $10,000 plus 50% of revenue. The experience of other towns that have held the event is that
customers spend an average of $10 per person on rides and games.
b-1. What will be the club's profit or loss if the attendance is 3000?
For plan 1
] is $
For plan 2
profit
is $
b-2. What will be the club's profit or loss if the attendance is 2200?
For plan 1(Click to select) is $
For plan 2
(Click to select)vv is $
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Choose Wisely

Authors: Eliot Dylan Marr

1st Edition

1498416365, 978-1498416368

More Books

Students also viewed these Finance questions