As a disclaimer, I can't say I'm completely confident in this answer. Use at own risk.
Formulas:
Year 1: 328,000 (sales) - 117,000 (expense) = 211,000 (profit)
Year 2: 565,000 (sales) - x (expense) = y (profit)
Net Profit: 211,000 + y = 113,000
Math
211,000 (profit y1) + 565,000 (sales y2) = 776,000
776,000 - 113,000 (net profit) = -663,000 (expenses)
Confirm:
Net Profit: 211,000 + y = 113,000 (listed in formulas, just a reminder)
Plug in: 565,000 (y2 sales) - 663,000 (our solution) = -98,000
211,000 (y1 net) + -98,000 (our plug in) = 113,000 (2 year net profit given to us)
Answer:
2/3 is the slope and 4 is the 4 intersept
Step-by-step explanation:
Answer:
279x
Step-by-step explanation:
Answer and explanation:
Profit from sale of model boats = Sales -costs(costs of goods purchases + expenses or charges by the local fair)
John's profit from the sale of model boats can be represented by the equation:
P= 50x-(5x+80)
Where P is profit from the sale of the model boats and x is number of model boats bought and sold. The 80 is constant as it is a fixed cost paid to the local fair.
For example if John buys and sells 20 model boats, he would make profit of:
Substitute x=20 in equation above
P= 50×20-(5×20+80)
P=1000-180
P=$820
It could be said that John is in a very profitable business and his profit is also dependent on volume of sales because the lower his sales the closer he gets to making a loss and not profit
