NavGanitMateby NavGreen Compute, AustraliaBased on Australian Curriculum: Mathematics v9.0

Rational numbers and financial modelling

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A community garden in Brisbane is planning to build a rectangular vegetable plot with a length of 39 metres and a width of 36 metres. The garden group has allocated $3,600 for fencing and soil.

The fencing costs $12.50 per metre, and the soil costs $2.40 per square metre.

What is the exact percentage profit made on the total expenses if the garden group receives $4,200 in donations for the project? (Profit = (Revenue - Expenses) / Expenses × 100, and the answer must be expressed as a simplified fraction.)

Rectangle measurementsLength 39 metres; width 36 metres39 metres36 metres
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A quarter is 25 percent. One of four equal parts is 25/100. For a whole of 80, each part is 20.1 of 4 equal parts
One of four equal parts is 25/100. For a whole of 80, each part is 20.
Compare the increase with the original. A price grows from 80 to 100. The added 20 is one quarter of the original 80: a 25% increase. Bar lengths share the same scale.BeforeAfter80802020 ÷ 80 × 100% = 25%
A price grows from 80 to 100. The added 20 is one quarter of the original 80: a 25% increase. Bar lengths share the same scale.

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Worked solution

  1. The rectangular vegetable plot has a length of 39 m and a width of 36 m. The fencing cost is $12.50 per metre, and the soil cost is $2.40 per square metre. The total donation received is $4,200. We need to calculate the percentage profit using the formula: Profit = (Revenue - Expenses) / Expenses × 100.
  2. First, calculate the perimeter of the rectangular plot to determine the fencing cost. Perimeter = 2 × (length + width) = 2 × (39 + 36) = 2 × 75 = 150 metres.
  3. Fencing cost = perimeter × cost per metre = 150 × $12.50. Calculate: 150 × 12.50 = 150 × (12 + 0.50) = (150 × 12) + (150 × 0.50) = 1800 + 75 = $1,875.
  4. Next, calculate the area of the plot for soil cost. Area = length × width = 39 × 36. Compute: 39 × 36 = (40 - 1) × 36 = 40×36 - 1×36 = 1440 - 36 = 1,404 square metres.
  5. Soil cost = area × cost per square metre = 1,404 × $2.40. Compute: 1,404 × 2.40 = 1,404 × (2 + 0.40) = (1,404 × 2) + (1,404 × 0.40) = 2,808 + 561.60 = $3,369.60.
  6. Total expenses = fencing cost + soil cost = $1,875 + $3,369.60 = $5,244.60.
  7. Revenue = $4,200 (donations received). Since revenue ($4,200) is less than expenses ($5,244.60), this results in a loss, not a profit.
  8. Calculate profit (which is negative): (Revenue - Expenses) / Expenses = (4,200 - 5,244.60) / 5,244.60 = (-1,044.60) / 5,244.60.
  9. Simplify the fraction: -1,044.60 / 5,244.60. Multiply numerator and denominator by 10 to eliminate decimals: -10,446 / 52,446.
  10. Simplify the fraction by dividing numerator and denominator by 6: -10,446 ÷ 6 = -1,741; 52,446 ÷ 6 = 8,741. So, -1,741 / 8,741. Check if this fraction can be simplified further. GCD of 1,741 and 8,741 is 1 (verified via Euclidean algorithm). So, the simplified fraction is -1,741 / 8,741.
  11. Convert to percentage: (-1,741 / 8,741) × 100 = -174,100 / 8,741 ≈ -19.92%. But the question asks for the exact percentage profit as a simplified fraction. So, the profit as a fraction of expenses is -1,741 / 8,741. Therefore, the percentage profit is (-1,741 / 8,741) × 100 = -174,100 / 8,741. This fraction cannot be simplified further. Express as a simplified fraction: -174100 / 8741.
  12. The result is a loss, so the profit is negative. The exact percentage profit is -174100/8741. This is the simplified fraction form. The final answer is expressed as a simplified fraction.

Reference answer: -174100/8741

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