Answer:
We are given the initial price of a car and we are also told that the car sold for a 15% profit which means that the price that the car was sold for is 15% more than it's initial price. This is just a simple multiplication problem which we multiply the initial price by the total percentage plus 0.15
Therefore, our final answer is that the selling price was $5980
<u><em>Hope this helps! </em></u>
Answer:
p + 0.0001q = 5
Step-by-step explanation:
Data provided in the question:
When Price, p₁ = $4.77 ; Demand, q₁ = 2,300
and,
When Price, p₂ = 3,300 ; Demand, q₂ = 3,300
considering the above as the points on the line,
now, the general equation for a line is given as:
on substituting the respective values, we get
or
or
2,300 - q = -10,000(4.77 - p)
or
⇒ 2,300 - q = -47700 + 10,000p
or
⇒ 10,000p + q = 2300 + 47700
or
⇒ 10,000p + q = 50000
or
⇒ p + 0.0001q = 5