Finance · real student question

Solve for x: 10,225 + 36,954.76x + 277.94x + 227.39x = 883,466 + 7,067.9x + 292,043 + 0.30 × (10,225 + 36,954.76x + 277.94x + 227.39x) + 333,025.

Question

Solve for xx:

10,225+36,954.76x+277.94x+227.39x=883,466+7,067.9x+292,043+0.30(10,225+36,954.76x+277.94x+227.39x)+333,025.10{,}225+36{,}954.76x+277.94x+227.39x=883{,}466+7{,}067.9x+292{,}043+0.30\bigl(10{,}225+36{,}954.76x+277.94x+227.39x\bigr)+333{,}025.

Step-by-step solution

  1. Combine the three xx-rates that appear on both sides.

    36,954.76+277.94+227.39=37,460.09,36{,}954.76+277.94+227.39=37{,}460.09,

    so the repeated block is

    L=10,225+37,460.09x,L=10{,}225+37{,}460.09x,

    and the equation reads L=1,508,534+7,067.9x+0.30LL=1{,}508{,}534+7{,}067.9x+0.30L, where 883,466+292,043+333,025=1,508,534883{,}466+292{,}043+333{,}025=1{,}508{,}534.

  2. Move the 0.30L0.30L term to the left.

    0.70L=1,508,534+7,067.9x.0.70L=1{,}508{,}534+7{,}067.9x.

    Equivalently, expand it in place: 0.30(10,225+37,460.09x)=3,067.5+11,238.027x0.30(10{,}225+37{,}460.09x)=3{,}067.5+11{,}238.027x, which is the form most textbooks use.

  3. Write both sides out and collect. With the expansion,

    10,225+37,460.09x=1,511,601.5+18,305.927x,10{,}225+37{,}460.09x=1{,}511{,}601.5+18{,}305.927x,

    since 1,508,534+3,067.5=1,511,601.51{,}508{,}534+3{,}067.5=1{,}511{,}601.5 and 7,067.9+11,238.027=18,305.9277{,}067.9+11{,}238.027=18{,}305.927.

  4. Separate the unknown from the constants.

    37,460.09x18,305.927x=1,511,601.510,225    19,154.163x=1,501,376.5.37{,}460.09x-18{,}305.927x=1{,}511{,}601.5-10{,}225\;\Longrightarrow\;19{,}154.163x=1{,}501{,}376.5.

    The net rate 19,154.163=0.70(37,460.09)7,067.919{,}154.163=0.70(37{,}460.09)-7{,}067.9 is the margin per unit after the 30%30\% share.

  5. Divide, and carry enough digits.

    x=1,501,376.519,154.163=1,501,376,50019,154,163=78.3838218355x=\frac{1{,}501{,}376.5}{19{,}154.163}=\frac{1{,}501{,}376{,}500}{19{,}154{,}163}=78.3838218355\ldots

    Substituting the exact fraction back makes both sides equal 2,946,490.02050154842{,}946{,}490.0205015484. Note the answer is 78.3838278.38382, not 78.3833078.38330 — truncating the division too early costs the fourth decimal place.

Answer

x=1,501,376,50019,154,16378.3838x=\frac{1{,}501{,}376{,}500}{19{,}154{,}163}\approx 78.3838

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