Andrew Geller

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A photography dealer ordered 60 Model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer’s initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer’s initial cost. What was the dealer’s approximate profit or loss as a percent of the dealer’s initial cost for the 60 cameras?

A photography dealer ordered 60 Model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer’s initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer’s initial cost. What was […]

A photography dealer ordered 60 Model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer’s initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer’s initial cost. What was the dealer’s approximate profit or loss as a percent of the dealer’s initial cost for the 60 cameras? Read the Full Article »

A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?

A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to

A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales? Read the Full Article »

If there are fewer than 8 zeros between the decimal point and the first nonzero digit in the decimal expansion of (t/1,000)⁴ which of the following numbers could be the value of t?

If there are fewer than 8 zeros between the decimal point and the first nonzero digit in the decimal expansion of (t/1,000)4 which of the following numbers could be the value of t? I. 3 II.5 III. 9 A. None B. I only C. II only D. III only E. II and III Correct Answer:

If there are fewer than 8 zeros between the decimal point and the first nonzero digit in the decimal expansion of (t/1,000)⁴ which of the following numbers could be the value of t? Read the Full Article »

The outer dimensions of a closed rectangular cardboard box are 8 centimeters by 10 centimeters by 12 centimeters, and the six sides of the box are uniformly 1/2 centimeter thick. A closed canister in the shape of a right circular cylinder is to be placed inside the box so that it stands upright when the box rests on one of its sides. Of all such canisters that would fit, what is the outer radius, in centimeters, of the canister that occupies the maximum volume?

The outer dimensions of a closed rectangular cardboard box are 8 centimeters by 10 centimeters by 12 centimeters, and the six sides of the box are uniformly 1/2 centimeter thick. A closed canister in the shape of a right circular cylinder is to be placed inside the box so that it stands upright when the

The outer dimensions of a closed rectangular cardboard box are 8 centimeters by 10 centimeters by 12 centimeters, and the six sides of the box are uniformly 1/2 centimeter thick. A closed canister in the shape of a right circular cylinder is to be placed inside the box so that it stands upright when the box rests on one of its sides. Of all such canisters that would fit, what is the outer radius, in centimeters, of the canister that occupies the maximum volume? Read the Full Article »