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March 2, 2015

Homework Help: 8th grade math

Posted by Anonymous on Wednesday, February 9, 2011 at 12:29am.

According to one survey, the number of consumers who planned to purchase a television for the purposes of viewing the Super Bowl rose from 1.4 million in 2005 to 4.5 million in 2011. Suppose that in 2005 the average purchase price for a television was $935. In 2011 the average purchase price for a television was down to P dollars. If everyone surveyed in 2005 and 2011 who indicated that they planned to purchase a television for viewing the Super Bowl actually did, for what value of P would the total amount spent by those consumers be the same in 2005 and 2011? Express your answer as a decimal rounded to the nearest cent.

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