In March, an online bookstore's e-book sales, audiobook sales, and print-book sales accounted for , , and , respectively, of its total sales revenue.
From March to April, the number of e-books sold increased by , while the price of each e-book decreased by . The number of audiobooks sold did not change, while the price of each audiobook increased by . The number of print books sold decreased by .
The bookstore's total sales revenue in April was greater than its total sales revenue in March. If the price of each print book increased by from March to April, which choice gives the value of ?
For percentage problems involving several revenue categories, set the original total revenue to units so that each category's percentage becomes an actual amount. For each category, multiply its original revenue by every applicable change factor, such as for a increase or for a decrease. Do not add percentage changes when both quantity and price change; revenue changes are found by multiplying the factors.
Hints
Choose a simple starting total
Treat the March total sales revenue as units. This converts the three given percentages directly into revenue amounts.
Account for both changes in e-book revenue
Revenue equals number sold times price. For e-books, multiply the March revenue by both the number-sold factor and the price factor.
Use the April total
After finding the April revenues for e-books and audiobooks, subtract their sum from the April total. The result is the required April print-book revenue.
Desmos Guide
Use algebra first
Algebra is generally faster here because the March total can be set to and only one unknown remains.
Graph the total-revenue equation
Enter and . The -coordinate of their intersection represents the required percentage increase in print-book price.
Step-by-step Explanation
Use a convenient revenue total
Let the total sales revenue in March be units. Then the March revenues were units for e-books, units for audiobooks, and units for print books. The April total is units because it is greater.
Find the April e-book and audiobook revenues
E-book revenue is multiplied by both for the number sold and for the price:
Audiobook revenue is multiplied by :
Together, these categories account for units of April revenue.
Set the required print-book revenue
The print-book revenue in April must be
The decrease in the number of print books sold changes its March revenue to units before the price increase. Therefore,
Dividing by gives , so .