Mathematics, 05.05.2020 00:32 HannahJuik
Several years ago, Joe started a lawn-care business. Due to rising costs, he needs to increase his prices. He is concerned, however, because he has heard that if he raises his rates more than
, he might lose business. At right is a letter he sent to his clients.
Joe began to wonder about how the increase in his fees could be expressed in terms of a percent.
Joe wants to determine the scale factor (multiplier) for the price increase and wrote the following equation:
Explain how this equation represents this situation. What does
represent?
Solve the equation above to determine the scale factor for his change in fees. Represent this multiplier (scale factor) as a fraction, as a decimal, and as a percent.
How could this situation be represented with a line diagram? With your team, copy and complete the diagram below. Then answer and do the following:
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