Question

Office Supply Corp. purchased 16,000 rolls of paper towels in October. They were able to sell 12,500 rolls of towels. Calculate the total ending inventory of paper towels assuming each roll of towels cost $1.79

Answer 1

@mathmale

Answer 2

So, what are you trying to find?

Answer 3

the total

Answer 4

forget what i said :p

Answer 5

Do you know how to do it?

Answer 6

Yeah... Sorry; they want us to use MORE than one algorithm. my bad..

Answer 7

First, we need to see how much money they spent on those purchased paper towels. Ignore how much they sold for now.
If each paper towel is 1.79, how much did they spend in total?
Hint hint: multiplication... and probably a calculator

Answer 8

12,500x1.79=22,375

Answer 9

Yep! (That's a lot of money...)
Next up: In the context of this problem, what does the word "inventory" mean?

Answer 10

the left over paper towels?

Answer 11

Before I continue, what grade are you in? It helps to know the specific standards that you're expected to meet.

Answer 12

12

Answer 13

Oh, okay.
In the context of this problem, the inventory is not the amount of paper towels, but how much money left over.
And (geez; I'm on a roll today!) I made another mistake: on your calculator, you calculated how much you gained, not spent. So keep that number at the side of your head; we'll use it later.
So that's to clear things up.

Answer 14

The next step is (or the first step was, if you're nitpicky :p) is the amount they spent on purchasing paper rolls.
How many rolls did they purchase?

Answer 15

16000*1.79=28,640

Answer 16

Yes!
Now, take 28,640 and 22,375. Enough multiplication for today. We're going to subtract.
Why is that? Because if we do that, we find the amount of money Office Supply Corp has left since they spent money.
Hmm... Let's solve: \[28,640-22,375\]

Answer 17

6265

Answer 18

6265 what? Bananas? Staples?

Answer 19

6265 rolls?

Answer 20

Nope. Not rolls... We have rolls and money in this problem. Which is it? Hmm...

Answer 21

money

Answer 22

Yep! There ya go. $6265.00 is the answer to this problem.

Answer 23

Thank you so much :)

Answer 24

Np!