answer: The student flipped the y values
Liam had \$250$250dollar sign, 250. Then, he and his classmates bought a present for their teacher, evenly splitting the \$p$pdo
1 answer:
Answer:
Step-by-step explanation:
Lets understand the question.
Liam had $250
Cost of gift = p
Total Students = 24 (including Liam)
Each paid:
p/24 (Liam also paid this amount)
So, in terms of Liam, he would have:
250 (already had)
expended p/24 for gift, now he has:
This is amount of money Liam had left in terms of p.
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answer: The student flipped the y values
a quick clarification and then some.
Profit is what's leftover after the cost is subtracted from the revenue, or namely, if you sell a product for some amount, say 10, and you sold 100 of those, so you made 10*100 or 1000, that's the revenue or the income coming in, however, in making the product you had to cover some expenses, like if it's clothing, well, you have to buy the garment and saw it, have premises and machines to make the clothing and so on, all that's expenses, and since it's out of pocket money, is Cost, if you subtract that Cost from the 1000 in Revenue, what's leftover, that surplus is Profit.
this company sells "p" units, each at $855, so their Revenue will just be 855p, expenses or Cost is a fixed amount of $6780, so the profit comes from their difference.
on a given month, they sold 250, namely p = 250, so their Revenue is just 250*855 = 213750 bucks, however, we need to remove the Costs of 6780, 213750 - 6780 = 206970, that's our Profit.
now, the CEO takes a bite of 15% of that