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Calculate world grain demand and range of car selling price

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1.WORLD GRAIN DEMAND
Freeport McMoran projects that in 2010 world grain supply will be 1.8 trillion metric tons and the supply will be only 3/4 of world grain demand.
What will world grain demand be in 2010?

2. CAR SELLING
Ronald wants to sell his car through a broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough to at least pay off the loan.
What is the range of the selling price?

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This solution is comprised of a detailed explanation to calculate the world grain demand be in 2010 and the range of the car selling price.

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1.WORLD GRAIN DEMAND

First, to make it easier to understand, you can divide 3 by 4, which will be equal to 0.75. Then, we will now know that 2010 world grain supply of 1.8 trillion metric tons is 0.75 of world grain demand.

We will assume that the world grain demand is equaled to 1. Therefore, the ...

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