Question

Did you mean: The manager of a youth soccer team bought 50 packages of socks for $10. Each. He estimated the total cost to be $5000. Create an equation that shows how many times more the manager's estimate, e, was than the actual cost, a.

Answer 1

Estimated cost is 10 times more than the actual cost

Explanation:

Packages of socks purchased = 50

Price per package = $10

Actual cost = total package purchased * price per package

Actual cost , a = 50 * $10 = $500

Estimated cost, e = $5000

Estimated costs / actual cost

$5000 / $500

= 10

Estimated cost is 10 times the actual cost