Example 1: Samuel is a real estate agent. One of the plots of land that he wants to sell is around 1 million dollars. He has a total of 7 plots in the same neighborhood. What will be the total cost of all the plots that Samuel will sell?
Solution:
Cost of one plot of land that Samuel is planning to sell = 1 million dollars.
Therefore, the cost of 7 plots will be more than 1 plot of land.
Total cost of the 7 plots = 1 million x 7
= 1, 000, 000 x 7
= 7, 000, 000
Hence, the total price of the 7 plots is $7, 000, 000.
Example 2: How many thousands are there in 3 million?
Solution:
As we know, 1 million = 1, 000, 000 or one thousand thousand.
Thus, 3 million = 3 x 1, 000, 000 = 3, 000, 000 or three thousand thousand (in words).
Number of thousands in 3 million = 3, 000, 000 ÷ 1000
= 3, 000
Therefore, there are 3000 thousand in 3 million.
Example 3: The cost of 12 luxury vehicles is 24 million dollars. What is the cost of a single luxury vehicle?
Solution:
Here, the cost of 12 luxury vehicles = 24 million dollars
Thus, the cost of 1 luxury vehicle will be quite less. So, we will divide 24 million by 12.
Cost of 1 luxury vehicle = 24, 000, 000 ÷ 12
= 2, 000, 000
Therefore, the cost of 1 luxury vehicle is $2, 000, 000.
