Math

QuestionWhat does 1+x1+x represent in the markup price expression 937(1+x)937(1+x) for a computer?

Studdy Solution

STEP 1

Assumptions1. The base price of the computer is 937.Themarkuppriceofthecomputerisgivenbytheexpression937. The markup price of the computer is given by the expression 937(1+x)3.3. x$ represents the percent of the markup written in decimal form

STEP 2

The expression 937(1+x)937(1+x) is a multiplication of the base price 937937 and (1+x)(1+x).

STEP 3

In the expression 937(1+x)937(1+x), 1+x1+x represents the factor by which the base price is increased to get the markup price.

STEP 4

The number 11 in 1+x1+x represents the original price of the computer (in terms of the base price).

STEP 5

The variable xx in 1+x1+x represents the markup on the base price in decimal form.

STEP 6

Therefore, 1+x1+x represents the original price plus the markup, or in other words, it represents the total price of the computer as a proportion of the base price.
So, 1+x1+x represents the proportion of the base price that the markup price is. If xx was0, the markup price would be the same as the base price. If xx was0.2, the markup price would be120% of the base price, and so on.

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