Suppose a state gets its money from a state lottery, a property tax, an excise tax, and a sales tax of 4%. It will receive $25 million from the state lottery, $35 million from the property tax, and $7 million from the excise tax this year. If it needs $75 million to cover its expenses, how many dollars worth of taxable items must be purchased in the state this year for the state to break even
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Suppose a state gets its money
from a state lottery, a property
tax, an excise tax, and a sales
tax of 4%. It will receive $25
million from the state lottery,
$35 million from the property
tax, and $7 million from the
excise tax this year. If it needs
$75 million to cover its
expenses, how many dollars
worth of taxable items must be
purchased in the state this year
for the state to break even?
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