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1. In the fraction x/y, where x and y are positive integers, what is the value of y?
The least common denominator of x/y and 1/3 is 6.
X=1.
2. For manufacturer M, the cost of producing X units of its product per month is given by c=kx+t, where c is in dollars and k and t are constants. Last month if manufacturer M produced 1000 units of its product and sold all the units for k+60 dollars each, what was manufacturer M’s gross profit on the 1000 units?
Last month, Manufacturer M’s revenue from the sale of the 1000 units was 150,000
Manufacturer M’s cost of producing 500 units in a month is 45,000 less than its cost of producing 1000 units in a month.
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