# Basic Word Problems in Algebra

1. Use the appropriate form of the percentage formula. Find P if R=6623% and B=150.

2. The formula Total cost=Cost+Shipping cost+Installation is used to find the total cost of a business asset. The formula can be written in symbols as T=C+S+I. Solve the formula for I, the installation cost of the asset.

3. Complete the income statement for Sitha Ros's Oriental Groceries for the years 2011 and 2012.

2011 2012

Net sales $97,195 $92,586

Cost of goods sold 82,127 72,318

Gross profit ? ?

Operating expenses 4,041 3,587

Net income ? ?

4. Last week at a festival, a man sold 5 times as many tie-dyed T-shirts as silk-screened shirts. He sold

234 shirts altogether. How many tie-dyed shirts did he sell?

https://brainmass.com/business/the-time-value-of-money/basic-word-problems-algebra-590839

#### Solution Preview

1. P=R*B=6623%*150=9934.50

2.

T=C+S+I

Subtract S from both sides

T-S=C+S+I-S

We get

T-S=C+I

Now subtract C from both ...

#### Solution Summary

Solutions provide step-by-step methodology to find out the value of desired parameter/s.