Question

The January 14, 2002 issue of TIME magazine reported that Wal-Mart’s 3rd quarter revenues for 2001 were 600% more than its No. 2 competitor, K-Mart. What were K-Mart’s revenues during this period if Wal-Mart’s revenues were $48 billion?

Answer 1

@Hero @TuringTest @dpaInc

Answer 2

@jim_thompson5910

Answer 3

@ash2326 @UnkleRhaukus @phi

Answer 4

@radar @Agent_Sniffles @AccessDenied @karatechopper

Answer 5

This is actually my question but i couldnt leave my post since i need it to review

Answer 6

when you get a chance,
http://www.khanacademy.org/math/arithmetic/percents/v/solving-percent-problems

Answer 7

K-Mart is Walmart's #2 competitor? That has to be a mistake.

Answer 8

its just a math problem hero!

Answer 9

in reality its probably costco or target

Answer 10

you need to find
600% more than 48

Answer 11

how do i go about doin that

Answer 12

The first step is find 600% of 48

if the problem were
10% of 48 can you do it?

it is the same idea: 600% times 48
change 600% to a fraction: 600/100
simplify
6
multiply 6*48

Answer 13

step 2. 600% more than 48 means add that amount to 48

so add the answer from step 1 to 48 to get the final answer

Answer 14

oh its not 6/48?

Answer 15

No. one way to remember is use simple numbers that you understand

you probably know 50% is the same as 1/2 , right (I want 50% means I want half)

50% of 48 is 1/2 of 48 or 24

so if we do the simple procedure: make 50% a fraction over 100: 50/100
simplify: 1/2
multiply 1/2*48= 24 so multiplying is the right thing to do, we get the correct answer

Answer 16

6 times 48 is 288 thats such a big number

Answer 17

what is the next step

Answer 18

too bad it isn't your bank account.

now you want 600% more than 48 so the answer is 288 more than 48
this is just a way to say 288+48

Answer 19

i have the answer btw i just need to know how to do it and its not 288

Answer 20

it comes out to be 336 but thats not the answer....

Answer 21

that's because I read it backwards wal-mart is 48 and they want k-mart
600% of Kmart + Kmart = 48
now we have to find Kmart
can you do this?

Answer 22

uhhh yea if you weren't so vague =/

Answer 23

change 600% to 600/100 and then to 6
6*K + K = 48
add 6K plus 1K to get 7K
7K= 48

now divide by 7 to get K (Kmart)

Answer 24

where did the 1k come from?

Answer 25

I was thinking that 600% more than K means K plus 600% of K

Answer 26

you're soooooooooooooooooo confusing me right now

Answer 27

the answer is 6.86 billion i have no clue how that is

Answer 28

Let's say that Walmarts make 10% more than K
it would make K and then 10% more

now it's 600% more, so K + 600% of K

K+6K = 48
7K= 48
K= 48/7

Answer 29

wut is this k u speak of

Answer 30

K is short for how much Kmart makes. It's easier to type K than all of that

Answer 31

um ok i still dont understand where the 7 came form

Answer 32

Do you know the answer to this:

Your friend make $100
you made 10% more than your friend
how much did you make?

Answer 33

110

Answer 34

now if we write that as an equation:

you = friend + 10% of friend

(where you means how much you made, and friend means how much your friend made)

Answer 35

You see it works:
you = 100 + 10% of 100
you = 100 + 10/100 * 100
you = 100+ 10
you=110

Answer 36

man see u just lose me when u pull that up =(

Answer 37

now say you make 600% more than your friend. we use the same idea, but different numbers
you = friend + 600% of friend
you = friend + 6 * friend (we change 600% to 600/100 or 6)

now in algebra we can add 1 friend + 6 friend and get 7 friends (this is money not friends)
you = 7 friend

Answer 38

can u just cut the friend thing u're losing me

Answer 39

do you know if you have
x+6x you can simplify to 7x

Answer 40

yes

Answer 41

with a 1

Answer 42

so your question is how did we get to
x+6x

where x is how much kmart makes in one quarter

The answer is we change the words
600% more than K-Mart.
into "math"

I tried to show that 10% more than your friend means : what your friend made plus 10% of what your friend made

here if x is how much K-mart made
600% more means what K-mart made plus 600% of what K-mart made

Answer 43

Wow, speechless

Answer 44

oh ok i kinda ge tit now

Answer 45

O.O

Answer 46

Think about it, and practice..