If a person bought 8 items and each item was priced at $4, that means the total amount spent was $32.
The person received 8 dollars in change. This means that the person payed 8 dollars more than what they spent. Well, we just found out how much they spent, so we can find out how much money the person gave the vendor.
Let p = amount of money paid by the person.
The person gave the vendor $40.
The linear equation to model the company's monthly expenses is y = 2.5x + 3650
<em><u>Solution:</u></em>
Let "x" be the units produced in a month
It costs ABC electronics company $2.50 per unit to produce a part used in a popular brand of desktop computers.
Cost per unit = $ 2.50
The company has monthly operating expenses of $350 for utilities and $3300 for salaries
We have to write the linear equation
The linear equation to model the company's monthly expenses in the form of:
y = mx + b
Cost per unit = $ 2.50
Monthly Expenses = $ 350 for utilities and $ 3300 for salaries
Let "y" be the total monthly expenses per month
Then,
Total expenses = Cost per unit(number of units) + Monthly Expenses
Thus the linear equation to model the company's monthly expenses is y = 2.5x + 3650