Question

8.27 Any quarter has a face value of $0.25. An eccentric collector offers to buy state quarters for 600% of their face value. At that rate, how much will Larry receive for his collection of all 50 state quarters?

Answer 1

$7.50

Explanation:

First we find what is the value at which the eccentric collector offers to buy the quarters for. We know the value at which they will buy the quarter for is 600% of the face value - which is $0.25.

Now we do some math and find the value at which the person will buy the quarter for is $1.50.

Now we multiply the value by 50 since Larry would be giving 50 quarters.

$1.50*50 = 7.50

So, Larry will receive $7.50 for selling his 50 quarters to the eccentric collector.

Answer 2

Larry will get $1.50.

Explanation:

Given:

• Any quarter has a face value of $0.25.
• An eccentric collector offers to buy state quarters for 600% of their face value.

To find:

• How much will Larry receive for his collection of all 50 state quarters.

The formula used to calculate percentage is: (value/total value)×100%.

Step 1 of 1

An eccentric collector offers to buy state quarters for 600% of their face value which means
`$6 * 100 \%$`. Therefore, 600% of a number is the same as 6 times that number.

50 state quarters is 0.25 dollars .

Larry will get
`$6 * 0.25=1.50$` dollars.