1970 to 2010 = 40 years
New price = .35*(1.1)^40
New price = .35*45.26
New price = .15.84
They need to sell 5 pieces to cover their expenditures (have a profit of zero).
<h3>
How many cakes will they have sold?</h3>
We know that the costs are:
- $30 for the booth at the fair.
- $2 for each piece of cake they sell.
And the revenue is:
- $8 for each piece of cake.
So, the profit (the difference between the revenue and the cost) for selling x pieces is:
p(x) = $8*x - $2*x - $30
p(x) = $6*x - $30
We want to find the value of x such that p(x) = 0, then:
0 = $6*x - $30
x = $30/$6 = 5
They need to sell 5 pieces to cover their expenditures (have a profit of zero).
If you want to learn more about profit:
brainly.com/question/23103804
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Answer:
-2x -10
Step-by-step explanation:
16x–18x–10
Combine like terms
-2x -10
Is that all or is there an equation for this.
Answer:
Each hot dog = $3
Each french fry = $2
Step-by-step explanation:
First, lets define our variables:
x = Hotdog
y = fries
Next, you need to set up a cost equation for both Toby and Bernie:
8x + 5y = 34
2x + 6y = 18
Now, we need to isolate one of the variable:
2x + 6y = 18
2x = 18 - 6y
x = 9 - 3y
Next, we need to insert this equation back into the first equation (8x+5y = 34) to find the cost of y (fries):
8x +5y = 34
8 (9-3y) + 5y = 34
72 - 24y + 5y = 34
72 - 19y = 34
19y = 38
y or fries = $2
Finally, we need to find the cost of each hotdog by using the cost of fries ($2) in one of the formulas:
2x + 6y = 18
2x + 6(2) = 18
2x + 12 = 18
2x = 6
x or hotdog = $3
I hope this helps!
-TheBusinessMan