Answer:
Understanding basic business math is necessary for profitable operations and accurate record keeping. Knowing how to add, subtract, multiply, divide, round and use percentages and fractions is the minimum you need to price your product and meet your budget.
Now despite what you may believe, <u>1:3 is not 1/3 in this situation.</u> In this case, it means "1 equal part to 3 equal parts", which is a total of 4 equal parts. <u>In short, this question is to place point P 1/4 the distance from A to B.</u>
Firstly, how far apart is -1 from 7 (the x-coordinates)? That would be 8 units. Multiply 1/4 by 8:

Next, how far apart is 2 from 8 (the y-coordinates)? That would be 6 units. Multiply 1/4 by 6:

Next, since from -1 to 7 you are <em>increasing</em>, add 2 to -1:

1 is your x-coordinate
Next, since from 2 to 8 you are <em>increasing</em>, add 3/2 to 2:

7/2 is your y-coordinate.
<u>Putting it together, your answer is A. (1, 7/2)</u>
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