Question

From January to June, a company spent $60 per month on office supplies. In July the price of office supplies increased by 15% and remained the same for the rest of the year. How much did the company spend an office supplies for the year

Answer 1

Answer:

$774

Step-by-step explanation:

We have been given that from January to June, a company spent $60 per month on office supplies. In July the price of office supplies increased by 15% and remained the same for the rest of the year.

Let us find increased cost of supplies as shown below:

$\text{Increased cost of supplies}=60+\frac{15}{100}\times 60$

$\text{Increased cost of supplies}=60+0.15\times 60$

$\text{Increased cost of supplies}=60+9$

$\text{Increased cost of supplies}=69$

There are 6 months from January to June, so cost of supplies on these 6 months would be 6 times $60.

There are 6 months from July to December, so cost of these months would be 6 times $69.

Total cost will be equal to sum of these two amounts.

$\text{Amount spent on office supply in the year}=6\times \ 60+6\times \ 69$

$\text{Amount spent on office supply in the year}=6( \ 60+\ 69)$

$\text{Amount spent on office supply in the year}=6( \ 129)$

$\text{Amount spent on office supply in the year}=\ 774$

Therefore, $774 were spent on office supplies.