Finance · real student question

Solve for x: 883,466 + 687,904 + 25.92x = 41,918 + 378,347 + 392.4x + 223,021 + 0.05 × (883,466 + 687,904 + 25.92x).

Question

Solve for xx:

883,466+687,904+25.92x=41,918+378,347+392.4x+223,021+0.05(883,466+687,904+25.92x).883{,}466+687{,}904+25.92x=41{,}918+378{,}347+392.4x+223{,}021+0.05\bigl(883{,}466+687{,}904+25.92x\bigr).

Step-by-step solution

  1. Name the repeated block. The expression 883,466+687,904+25.92x883{,}466+687{,}904+25.92x appears twice, once on each side. Write

    L=1,571,370+25.92x,L=1{,}571{,}370+25.92x,

    so the equation is L=643,286+392.4x+0.05LL=643{,}286+392.4x+0.05L, where 41,918+378,347+223,021=643,28641{,}918+378{,}347+223{,}021=643{,}286. Spotting the repetition turns a sprawling equation into a short one.

  2. Move the 0.05L0.05L to the left.

    L0.05L=0.95L=643,286+392.4x.L-0.05L=0.95L=643{,}286+392.4x.

    Equivalently, only 95%95\% of the left-hand block is available after the 5%5\% deduction.

  3. Expand 0.95L0.95L.

    0.95(1,571,370+25.92x)=1,492,801.5+24.624x,0.95\bigl(1{,}571{,}370+25.92x\bigr)=1{,}492{,}801.5+24.624x,

    so

    1,492,801.5+24.624x=643,286+392.4x.1{,}492{,}801.5+24.624x=643{,}286+392.4x.

  4. Separate constants and xx-terms.

    1,492,801.5643,286=392.4x24.624x    849,515.5=367.776x.1{,}492{,}801.5-643{,}286=392.4x-24.624x\;\Longrightarrow\;849{,}515.5=367.776x.

    The coefficient 367.776=392.40.95(25.92)367.776=392.4-0.95(25.92) is the net cost per unit once the commission is accounted for.

  5. Divide and verify.

    x=849,515.5367.776=212,378,87591,944=2309.8720417x=\frac{849{,}515.5}{367.776}=\frac{212{,}378{,}875}{91{,}944}=2309.8720417\ldots

    Substituting back with exact fractions, both sides equal 1,631,241.8833202821{,}631{,}241.883320282, so the solution is exact rather than merely close.

Answer

x=212,378,87591,9442309.8720x=\frac{212{,}378{,}875}{91{,}944}\approx 2309.8720

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