Answer:
5
Step-by-step explanation:
Given that:
Total maximum amount that the owner wishes to spend = $20000
Average price of each car = $4000
To find:
How many cars that the owner can expect to buy?
Solution:
Total number of cars that the owner can expect to buy can be found by dividing the total money available with the owner with the average price of each car.
i.e.
[tex]\text{Number of cars expected to be bought} = \dfrac{\text{Total money available with the owner}}{\text{Average Price of car}}[/tex]
We have the following values as given in the question statement:
Total money available = $20000
Average price of car = $4000
Therefore, the answer is:
[tex]\text{Number of cars expected to be bought} = \dfrac{20000}{4000} = \bold{5}[/tex]
The owner can expect to buy 5 number of cars.
