The equation that shows the profit earned for selling popcorn for x hours is y = $15m - $20
From the equation of the linear function given y = mx + b
y indicates the profit earned and x represents the time in hours.
From the question,
After 3 hours, the popcorn stand earned a profit of $25.
∴ The equation becomes $25 = 3m + b ------ (1)
and after 6 hours, the profit was $70.
∴ The equation becomes $70 = 6m + b ------- (2)
Now, we will solve the two equations simultaneously
From the first equation
$25 = 3m + b
We can write that
b = $25 - 3m ------- (3)
Substitute this into the second equation
$70 = 6m + b
We get
$70 = 6m + ($25 - 3m)
$70 = 6m + $25 - 3m
$70 - $25 = 6m - 3m
$45 = 3m
∴ m = $45 ÷ 3
m = $15
Now, substitute the value of m into equation (3)
b = $25 - 3m
b = $25 - 3($15)
b = $25 - $45
b = -$20
∴ m = $15 and b = -$20
Putting these values into the equation y = mx + b we get
y = $15m +(- $20)
∴ y = $15m - $20
Hence, the equation that shows the profit earned for selling popcorn for x hours is y = $15m - $20
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This is the solution to your question.
The average daily balance after 20 days is; $1750
<h3>Average Balance</h3>
The initial balance after grace period is; $25,000
Afterwards, A payment of $5,000 each is made on the 10th and 20th day.
Hence, the total balance after 20 days is;
- = $25,000 + $5000 + $5000
The average daily balance is therefore the quotient of $35,000 and 20 days
- The average daily balance = $35,000/20
- Average daily balance = $1750
Read more on average;
brainly.com/question/15418098
Answer:
30 + 19.99 per hour
Step-by-step explanation:
ADD THEM IN A EQUATION.
SO SIMPLE TO DO THAT!
