Answer:
Total inventory: $175,000
Inventory in the stockroom: $35,000.
Inventory on the selling floor: $140,000.
Step-by-step explanation:
Let x be the the total inventory.
We have been given that in the Holiday Shop the manager wants 20% of the total inventory in the stockroom. You placed $35,000 of inventory in the stockroom.
We can set an equation such that 20% of x equals $35,000.
[tex]\frac{20}{100}\cdot x=\$35,000[/tex]
[tex]0.20x=\$35,000[/tex]
[tex]\frac{0.20x}{0.20}=\frac{\$35,000}{0.20}[/tex]
[tex]x=\$175,000[/tex]
Since $35,000 of inventory in the stockroom, so we will subtract $35,000 from $175,000.
[tex]\text{Amount of the inventory on the selling floor}=\$140,000[/tex]
Therefore, $140,000 of the inventory on the selling floor.
