If the cost to the store is $5.50, and they mark it up 75%, what is the selling price?
2 answers:
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Answer:
Step-by-step explanation:
The first equation is
The second equation is
When we graph these two equations, <em>they will meet at a point which represent the solution of the two equations</em>.
We can solve the two equations simultaneously to determine their point of intersection.
Let us substitute the second equation into the first equation to get;
Multiply through by 2 to get;
Group similar terms to obtain;
Simplify;
Divide both sides by 3;
Put into the second equation;
Therefore the graphs of the two functions intersect at (2,3)
See graph in attachment.
