Derive an expression for the price of a pen in terms of p

In summary, the conversation is about two types of pens, expensive and cheap, with a ratio of 3:7 in prices. The total cost for 30 of the cheaper pens and 10 of the expensive pens is $1568. The task is to derive an expression for the cost of one expensive pen (e) in terms of one cheap pen (p). The correct answer is (7/3)p = e, which makes the equation 30p + 10e = $1568 true. The key concept needed is understanding ratios, where the price of cheap pens is represented as 3 units and the price of expensive pens as 7 units, making the expression (7/3)p = e easy to derive.
  • #1
Richie Smash
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15

Homework Statement


Hello there are two types of pens expensive and cheap.
The ratio of the prices of the two is 3:7
The total cost for 30 of the cheaper pens and 10 of the expensive pens is $1568.

I am asked to derive an expression for the cost of ONE of the expensive pens which i will represent as (e) in terms of one of the cheap pens as (p)

Homework Equations


30p+10e =$1568

The Attempt at a Solution


So this is what i originally thought,

30p +`10e =1568
SO : 10e= 1568-30p
e= (1568-30p)/10

But I think this is terribly wrong as they asked for the price of one of the expensive pens in (p)...

And their answer (my textbook) is 7/3p.

So I'm thoroughly confused. What key concept am I missing?
 
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  • #2
Richie Smash said:
So I'm thoroughly confused. What key concept am I missing?
Most likely the key concept that textbooks sometimes get it wrong.
 
  • #3
You can attempt to express the price of expensive in terms of price of cheap pens

You know the ratio 3:7, hence p/e = 3/7

From there, you should be able to get your answer. I'm guessing there's another part of this question that asks you to solve for the individual prices p and e.
 
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  • #4
Yes alloy mouse, there is and I've already solved it using their answer (7/3)p =e
And indeed it makes the equation 30p+10e =$1568 true.

My problem is deriving it, ratios are tricky yes, I'm not sure how to get my answer, I think I lack a fundamental understanding about ratios.
 
  • #5
Richie Smash said:
Yes alloy mouse, there is and I've already solved it using their answer (7/3)p =e
And indeed it makes the equation 30p+10e =$1568 true.

My problem is deriving it, ratios are tricky yes, I'm not sure how to get my answer, I think I lack a fundamental understanding about ratios.
Ah I see, so it's the problem with ratios.Here's a trick:

If price of cheap pen is 3 units,
Price of expensive pens is 7 units

If you treat ratios like "this has x units while the other has y units", that would make things easier to see and easier to derive your "(7/3)p = e"
 
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  • #6
SO let me see if I have this now, let's say the ratio was 5:10, the price of a cheap pen would be (5/10)e and the price of an expensive pen would be (10/5)p.
DO I have this concept correct now?
 
  • #7
Richie Smash said:
SO let me see if I have this now, let's say the ratio was 5:10, the price of a cheap pen would be (5/10)e and the price of an expensive pen would be (10/5)p.
DO I have this concept correct now?

Yes, you are right!
 
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1. How is the price of a pen expressed in terms of p?

The price of a pen can be expressed as p, where p represents the cost of the pen in terms of a unit of currency.

2. What factors are involved in deriving an expression for the price of a pen in terms of p?

The expression for the price of a pen in terms of p takes into account the production costs, marketing expenses, and profit margin of the pen manufacturer.

3. Can the expression for the price of a pen in terms of p vary?

Yes, the expression for the price of a pen in terms of p can vary depending on the pen's brand, quality, and the market demand for the pen.

4. How is the expression for the price of a pen in terms of p used in business?

The expression for the price of a pen in terms of p is used by businesses to determine the selling price of the pen, calculate profit margins, and make pricing decisions.

5. Is the expression for the price of a pen in terms of p the same globally?

No, the expression for the price of a pen in terms of p can differ between countries due to factors such as currency exchange rates and varying production costs.

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