Mason opened a new electronic store, and his daily sales are modeled by f(x) = 50(1.2)x. Determine the rate of growth. 50% 20% 1
2 answers:
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Let N be the number of items sold and p the price.
Since the variation is inverse, then the relation between N and p is:
For N=20000 and p = $9.5, we get the formula:
If p = 8.75, then the number of items sold can be computed using the formula:
Since the variation is inverse, then the relation between N and p is:
For N=20000 and p = $9.5, we get the formula:
If p = 8.75, then the number of items sold can be computed using the formula: