The Musical Instrument Store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. The costs include 12% for storage, 12% for interest, and 5% for transportation. What is the value of the inventory to the nearest cent?
The cost of the inventory is 100% of $18,750,000.
With storage, interest, and transportation amounting to 12% + 12% + 5%, or 29%, of the cost, that means the value of the inventory is only 100% - 29% = 71% of $18,750,000.
The value is 71% of $18,750,000.
i keep getting it wrong how does the answer put in order ? 133125

Question

The Musical Instrument Store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. The costs include 12% for storage, 12% for interest, and 5% for transportation. What is the value of the inventory to the nearest cent?
The cost of the inventory is 100% of $18,750,000.
With storage, interest, and transportation amounting to 12% + 12% + 5%, or 29%, of the cost, that means the value of the inventory is only 100% - 29% = 71% of $18,750,000.
The value is 71% of $18,750,000.
i keep getting it wrong how does the answer put in order ? 133125

kl0723 · Answer

13,312.5 if you're typing your answer into a computer it may just be in the wrong way, the procedure seems correct