an iPad was on sale for 3/4 of its original price. if the original price was 1000 what was the sale price?
1 answer:
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Answer:
A) (17 ; 550)
B) $17/item
C) 550
Step-by-step explanation:
First we must calculate the intersection point of the two lines. Since in that point <em>y</em> has the same value in both equations, we can obtain <em>x </em>by equalling the two equations and then using that value for obtaining <em>y</em>:
So the value of <em>x</em> in the intersection point is 17. We now use this value with either one of the equations to obtain <em>y</em><em>. </em>Let's use the supply equation:
So the intersection point is (17 ; 550)
Supply and demand are in equilibrium when the amount of items on supply are the same as the ones on demand. That is the point were the two lines intersect, which means the selling price is the <em>x</em> coordinate and the amount of items is the <em>y</em> coordinate, so that is a selling price of <em>$17/item</em> with a number of items of <em>550</em>.
Answer:
y =
Step-by-step explanation:
Let the equation of the line is,
y = mx + b
Here m = slope of the line
b = y-intercept
Slope of a line passing through two points and
is,
m =
From the graph attached,
Since, the given line passes through (0, -1) and (3, 4),
Slope 'm' =
m =
y - intercept 'b' = -1
Therefore, equation of the line will be,
y =