Y intercept = when x = 0
Plug in x = 0
0 + 3y = 6
3y = 6, y = 2
Solution: a, (0,2)
Answer: The correct selling price is $29.97.
Step-by-step explanation:
Since we have given that
Cost price of an item = $27
Mark up rate = 11%
So, Amount of mark up would be
So, Amount after mark up would be
Hence, the correct selling price is $29.97.
The manager's likely error is that he has put the selling price the mark up amount only i.e $2.9≈$3 instead of adding the mark up amount to the cost price.
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