We appreciate your visit to An automobile company sold 2 3 million new cars in a year If the average price per car was 21 000 how much money did. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Therefore, the company made $48.3 million (written in scientific notation as 4.83 x 10⁷) that year from selling new cars.
What is equation?
An equation is a mathematical statement that shows that two expressions are equal. It consists of two sides, the left-hand side (LHS) and the right-hand side (RHS), separated by an equals sign (=). The expressions on both sides of the equals sign must have the same value for the equation to be true. Equations can involve a wide range of mathematical operations such as addition, subtraction, multiplication, division, exponents, and roots. They are used to solve problems in various fields such as physics, engineering, economics, and many others.
Here,
To find the total revenue generated by the company, we need to multiply the number of new cars sold by the average price per car. We can do this as follows:
Total revenue = number of new cars sold x average price per car
Total revenue = 2.3 million x $21,000
To multiply these two numbers, we can use the distributive property:
Total revenue = (2.3 x 10⁶) x ($21,000)
Total revenue = 2.3 x $21 x 10⁶
Multiplying 2.3 by 21 gives us 48.3, which we can write in scientific notation as 4.83 x 10¹. We can then add the exponents to get:
Total revenue = 4.83 x 10¹ x 10⁶
Total revenue = 4.83 x 10⁷
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