Last year Essex Manufacturing paid $3500 for utilities. This year the company used energy-saving techniques to reduce the utility bills by 13% of last year's cost. What was the cost of utilities for Essex Manufacturing this year?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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**Problem:**

Last year Essex Manufacturing paid $3500 for utilities. This year the company used energy-saving techniques to reduce the utility bills by 13% of last year's cost. What was the cost of utilities for Essex Manufacturing this year?

**Solution:**

To find the cost of utilities for Essex Manufacturing this year, start by calculating the amount reduced due to energy-saving techniques.

1. Calculate 13% of last year's utility cost:
   \[
   0.13 \times 3500 = 455
   \]

2. Subtract this reduction from last year's cost to find this year's utility cost:
   \[
   3500 - 455 = 3045
   \]

So, the cost of utilities for Essex Manufacturing this year is $3045.
Transcribed Image Text:**Problem:** Last year Essex Manufacturing paid $3500 for utilities. This year the company used energy-saving techniques to reduce the utility bills by 13% of last year's cost. What was the cost of utilities for Essex Manufacturing this year? **Solution:** To find the cost of utilities for Essex Manufacturing this year, start by calculating the amount reduced due to energy-saving techniques. 1. Calculate 13% of last year's utility cost: \[ 0.13 \times 3500 = 455 \] 2. Subtract this reduction from last year's cost to find this year's utility cost: \[ 3500 - 455 = 3045 \] So, the cost of utilities for Essex Manufacturing this year is $3045.
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