During 2003, a company produced an average of 3,000 products per month.
During 2003, a company produced an average of 3,000 products per month. How many products will the company need to produce from 2004 through 2007 in order to increase its monthly average for the period from 2003 through 2007 by 300% over its 2003 average?
Answer/Solution
540,000
Steps/Work
Company produced 12*3000 = 36,000 products in 2003. If company produces X products from 2004 to 2007, then total amount of product produced in 4 years (2003 through 2007) is X+36,000. The gives the average of (X+36,000)/4.
This average needs to be 300% higher than that in 2003. In math terms, 36,000+300%(36,000) = 144,000. So:
(X+36,000)/4 = 144,000
X+36,000 = 576,000
X = 540,000
The answer is B.
This average needs to be 300% higher than that in 2003. In math terms, 36,000+300%(36,000) = 144,000. So:
(X+36,000)/4 = 144,000
X+36,000 = 576,000
X = 540,000
The answer is B.