I'm confused about a detail concerning these two basic questions:
1.) Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
Answer is $30 million because 12 + 1.5(12)=30
Second question:
What was the ratio of the number of cars to the number of trucks produced by Company X last year?
1.) Last year, if the number of cars produced by Company X had been 8 percent greater, the number of cars produced would have been 150 percent of the number of trucks produced by Company X.
The answer breaks down like this:
1.08c=1.5t or c/t=1.5/1.08.
in order to do percent change, however, wouldn't we need to do c + 1.08c = t + 1.5t?
I'm missing something and it's driving me nuts
Thanks!
