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Leya [2.2K]
2 years ago
11

Examine the ordered pairs in this function.

Mathematics
1 answer:
Vesna [10]2 years ago
6 0

Answer:

Then numbers 7 , 8 , 14 , -6 , 10 are output values of the function

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Why is this an important equation for businesses that sell products?

  • <em>This</em><em> </em><em>equation</em><em> </em><em>is</em><em> </em><em>important</em><em> </em><em>for</em><em> </em><em>businesses</em><em> </em><em>that</em><em> </em><em>sell</em><em> </em><em>products</em><em> </em><em>because</em><em> </em><em>this</em><em> </em><em>formula</em><em> </em><em>can</em><em> </em><em>help</em><em> </em><em>them</em><em> </em><em>find</em><em> </em><em>the</em><em> </em><em>selling</em><em> </em><em>price</em><em> </em><em>of</em><em> </em><em>items</em><em>.</em>
  • <em>And</em><em> </em><em>we</em><em> </em><em>know</em><em> </em><em>that</em><em> </em><em>selling</em><em> </em><em>price</em><em> </em><em>can</em><em> </em><em>be</em><em> </em><em>used</em><em> </em><em>to</em><em> </em><em>determine</em><em> </em><em>profit</em><em> </em><em>or</em><em> </em><em>loss</em><em>.</em><em> </em><em>Determination</em><em> </em><em>of</em><em> </em><em>profit</em><em> </em><em>and</em><em> </em><em>loss</em><em> </em><em>is</em><em> </em><em>important</em><em> </em><em>when</em><em> </em><em>running</em><em> </em><em>a</em><em> </em><em>business</em><em>.</em>

Next, rearrange the equation to solve for ‘Markup.’ In other words, ‘Markup = …’. What is that equation saying about Markup? How is ‘Markup’ related to the other two quantities?

  • Mark-up = Selling price - Cost
  • <em>Since</em><em>,</em><em> </em><em>The</em><em> </em><em>sign</em><em> </em><em>of</em><em> </em><em>constant</em><em> </em><em>is</em><em> </em><em>changed</em><em> </em><em>when</em><em> </em><em>moving</em><em> </em><em>to</em><em> </em><em>the</em><em> </em><em>other</em><em> </em><em>side</em><em>,</em><em> </em><em>The</em><em> </em><em>positive</em><em> </em><em>Cost</em><em> </em><em>will</em><em> </em><em>become</em><em> </em><em>negative</em><em>.</em>
  • <em>This</em><em> </em><em>equation</em><em> </em><em>is</em><em> </em><em>telling</em><em> </em><em>us</em><em> </em><em>the</em><em> </em><em>mark-up</em><em> </em><em>price</em><em> </em><em>when</em><em> </em><em>the</em><em> </em><em>selling</em><em> </em><em>price</em><em> </em><em>and</em><em> </em><em>cost</em><em> </em><em>is</em><em> </em><em>known</em><em>.</em>
  • <em>Mark</em><em> </em><em>up</em><em> </em><em>is</em><em> </em><em>the</em><em> </em><em>Cost</em><em> </em><em>that</em><em> </em><em>is</em><em> </em><em>not</em><em> </em><em>given</em><em>,</em><em> </em><em>In</em><em> </em><em>other</em><em> </em><em>words</em><em> </em><em>Mark</em><em> </em><em>up</em><em> </em><em>is</em><em> </em><em>the</em><em> </em><em>price</em><em> </em><em>subtracted</em><em> </em><em>after</em><em> </em><em>giving</em><em> </em><em>discount</em><em> </em><em>on</em><em> </em><em>something</em><em>.</em><em> </em>
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2 years ago
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