Question

An office manager has $12,000 to spend on new equipment. She planned to purchase 300 chairs for $62 each. She completed the calculations and concluded that there would be plenty of money left to buy additional equipment.

a) True
b) False

Answer 1

After calculating the total cost of 300 chairs at $62 each, which is $18,600, it is clear that it exceeds the budget of $12,000. Therefore, the statement that the office manager would have money left for additional equipment is false.

The student asks whether the office manager can purchase 300 chairs at $62 each with a budget of $12,000 and still have money left for additional equipment. To find out if this statement is true or false, we must calculate the total cost of the chairs and compare it to the budget. Multiplying the price per chair by the number of chairs gives:

Total Cost = Number of Chairs × Price per Chair = 300 × $62 = $18,600.

Now, compare the total cost of chairs to the budget:

$18,600 > $12,000

The calculation shows that the total cost of purchasing 300 chairs at $62 each exceeds the $12,000 budget. Therefore, the office manager will not have any money left to buy additional equipment, and the conclusion made by the office manager is incorrect. The correct answer is b) False.