The formula to calculate the total value (V) is:
\[ V = N \cdot P \]
Where:
Let's say the number of items is 50 and the average price per item is $2. Using the formula:
\[ V = 50 \cdot 2 \]
We get:
\[ V = 100 \]
So, the total value (\( V \)) is $100.
Definition: A guide to help you price items for a garage sale based on their condition and market value.
Formula: \( \text{Price} = \text{Original Price} \times \text{Depreciation Factor} \)
Example: \( \text{Price} = 100 \times 0.5 \)
