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ANSWER
EXPLANATION
We want to find the absolute value function for the line in blue.
The general form of an absolute value function is:
where (h, k) = vertex
From the line, the vertex of the graph in blue is:
To find a, we have to pick a point (x, y) on the line and input it into the general function.
Let us pick (2, 1).
Therefore, we have:
Therefore, the absolute value function is:
Original cost (OC) = $13
New cost (NC) = $19
Percentage increase =
= 46.15 %
New cost (NC) = $19
Percentage increase =
= 46.15 %