Mathematics, 02.09.2019 14:30, pennygillbert

If the clothing maker bought 500 m2 of this fabric, how much money did he lose? use 1tepiz=0.625dollar and 0.9144m=1yard.
here is a simple example. the inhabitants of a small island begin exporting beautiful cloth made from a rare plant that grows only on their island. seeing how popular the small quantity that they export has been, they steadily raise their prices. a clothing maker from new york, thinking that he can save money by "cutting out the middleman," decides to travel to the small island and buy the cloth himself. ignorant of the local custom of offering strangers outrageous prices and then negotiating down, the clothing maker accepts (much to everyone's surpise) the initial price of 400 tepizes/m2. the price of this cloth in new york is 120 dollars/yard2.

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Answers

1 yard^2 = 0.8361m^2.?

The solution to the problem is as follows:

So he spent (.625 x 400) = $250.00 per m^2.
He paid out (500 x 250) = $125,000 on the deal.
He received (500 / 0.8361) = 598.014592 yard^2 of fabric.
That would have cost (598.014592 x 120) = $71,761.75 locally.
He lost (125,000 - 71,761.75) = $53,238.25 on the deal.

You can rework with the incorrect conversion factor.

I hope my answer has come to your help. God bless and have a nice day ahead!

answered: squidmeat12

He lost $ 53,239 for the 500 m² of clothes he paid

Further explanation

7 main quantities have been determined based on international standards, namely:

1. Length, meters (m) 2. Time, second (s) 3. Mass, kilograms (kg) 4. Temperature, kelvin (K) 5. Light intensity, candela (cd) 6. Electric current, ampere (A) 7. Amount of substance, mol (m)

The derivative magnitude is the quantity of principal quantities. So in addition to 7 principal quantities, other quantities are derived quantities

Yard is a unit of length commonly used by Commonwealth countries

The agreed conversion is

0.9144 m = 1 yard or 1 m = 1.0933 yards

So that 1 m² = 1,196 yards²

In the problem, there are 500 m² paid so the conversion is = 598 yards2²

To find out how many dollars the loss is, then we have to compare local prices (in this case prices in New York) with prices at small islands

1. We see prices in New York:

The price of this cloth in New York is 120 dollars / yard, so for 598 yards² the pay is:

$ 120 / yard² x 598 yards² = $ 71,760

2. We see prices at a small island

1 tepiz = $ 0.625