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?
(12/15)x = 32000
Now just find x
40000
To find out what Tamika's first job will have to pay, we need to calculate the fraction of her salary that her dad used to buy the Mustang convertible in 1978.
First, let's calculate the fraction of her dad's salary that he used to buy the Mustang convertible:
Fraction = Cost of Mustang Convertible / Annual Salary
Fraction = $12,000 / $15,000
Fraction = 0.8
So, her dad used 0.8 (or 80%) of his annual salary to buy the Mustang convertible.
Now, we'll use the same fraction to calculate Tamika's first job salary:
Salary = Fraction * Cost of Mustang Convertible
Salary = 0.8 * $32,000
Salary = $25,600
Therefore, Tamika's first job will have to pay her $25,600 in order for her to buy a Mustang convertible that currently sells for $32,000.