Tamika’s dad bought a Mustang convertible for 12,000 dollars to celebrate his first job in 1978, which paid him 15,000 dollars a year. If Tamika is to use the same fraction of her salary as her dad to buy a Mustang convertible, which now sells for 32,000 dollars, what will her first job have to pay?
You asked this Monday when you thought you were Jack. It was answered.
To find out what Tamika's first job will have to pay, we need to determine the fraction of her salary that her dad used to buy the Mustang convertible.
First, let's calculate the fraction of her dad's salary that he used to buy the Mustang convertible:
Fraction = Amount spent on car / Annual salary
Fraction = $12,000 / $15,000
Now, let's calculate Tamika's first job salary using the same fraction of her dad's salary:
Salary = Fraction * Amount spent on the new car
Salary = Fraction * $32,000
Substituting the values we have:
Salary = ($12,000 / $15,000) * $32,000
Now let's simplify the expression:
Salary = (4/5) * $32,000
Finally, let's calculate Tamika's first job salary:
Salary = $25,600
Therefore, Tamika's first job will have to pay $25,600.
To find out how much Tamika's first job will have to pay in order to buy a Mustang convertible using the same fraction of her salary as her dad did, we need to calculate the fraction of her dad's salary that he spent on the car.
First, we divide the cost of the car by the annual salary to find the fraction of the salary spent on the car.
Fraction of dad's salary spent = Cost of the car / Annual salary
Fraction of dad's salary spent = $12,000 / $15,000 = 0.8
Now, we can calculate how much Tamika's first job will have to pay by applying the same fraction to the cost of the current Mustang convertible.
Cost of the car / Fraction of salary = Salary needed
$32,000 / 0.8 = $40,000
Therefore, Tamika's first job will have to pay her $40,000 in order for her to buy a Mustang convertible using the same fraction of her salary as her dad did.