Question

A local company had revenues of $2,800 last year. They spent 1/4 of their revenues on marketing and 1/7 of the remaining money on upgrading their facilities. How much money did they have left after marketing and upgrading the facilities? Group of answer choices

Answer 1

$1,800

Explanation:

Given

Total revenue last year = $2,800

If they spent 1/4 of their revenues on marketing;

Amount spent on marketing = 1/4 * 2800

Amount spent on marketing = $700

Remaining money = 2800 - 700

Remaining money = $2100

If 1/7 of the remaining money is spent on upgrading their facilities, then;

Amount spent on upgrading facilities = 1/7 * 2100

Amount spent on upgrading facilities = $300

Total amount spent on marketing and facilities = $700 + $300

Total amount spent on marketing and facilities = $1000

Amount left = $2,800 - $1,000

Amount left = $1,800