I have a similar problem but I think I can answer stockmoose's questions as it relates to VIC. First my question so it doesn't get lost. Stockmoose, read below to see if that helps you out.
A certain movie star's salary for each film she makes consists of a fixed amount, along with a percentage of the gross revenue the film generates. In her last two roles, the star made $32 million on a film that grossed $100 million, and $24 million on a film that grossed $60 million. If the star wants to make at least $40 million on her next film, what is the minimum amount of gross revenue the film must generate?
Okay, I set up the equation like this: [$32M = f + (p/100)($100M)] - [$24M = f + (p/100)($60M)
My answer was wrong. Turns out I don't need to put in the p/100 and only need to put the p and then solve for p. So question: When do you put the variable over 100 cause I've seen instances where you do?
Stockmoose's question:
If you are doing VIC then you are picking numbers. When the question says was discounted by "X percent and then discounted by Y percent" you literally have to put in the numbers in place of X and Y. That is to say if you used 25 for X then you will be thinking 25%. When you are doing your calculation to find the answer that you will then match with the answer from the answer choices you will take into account the fact that the question says percent and you will use either .25 or 25/100 in your calculation. HOWEVER, when you are plugging in the numbers YOU DO NOT take into account the fact that it says percent. Consider it like this - the answer choices say nothing of percentage, only the question does. And because the question does you use that for your calculation but when matching the answer from your calculation with the answer choices you only put in the actual value of X that you chose and not the extra "percent" that is only found in the question.
Last edited by
mpaudena on Tue Oct 21, 2008 4:19 pm, edited 1 time in total.