Al Shelf knows his goods are marked up 36 percent on cost. If a TV cost Al $280, what would the selling price be?
1 answer:
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Answer:
<u><em>The equation is y = (1/2)x + - 3.5</em></u>
Step-by-step explanation:
We look for an equation with the form y = mx + b, where m is the slope and b the y-intercept.
We're given the slope, (1/2) which we can use for m:
y = (1/2)x + b
We are told the line goes through (5,-1). We need a value of b that will move the line to include this point. Do that by substituting the values:
x = 5, and y= -1
y = (1/2)x + b
-1 = (1/2)*5 + b
-1 = (2.5) + b
- 3.5 = b
<u><em>The equation is y = (1/2)x + - 3.5</em></u>
See the attached image.
