Answer: 2 and -8
Step-by-step explanation:
Answer:
p = -0.05m + 22
Step-by-step explanation:
As given in question,
The relation between the price and demand can be given by,
where is p is price and x is demand.
Since in order to sell 300 cards the price has to be fix at $7.
So,
7 = 300m+b <u> </u> (1)
And for every additional card they need to drop the price by $0.05.
So,
7-0.05 = 301m+b
=>6.95 = 301m + b<u> </u> (2)
Subtracting equation (1) from equation (2), we will have
6.95 - 7 = 301m - 300m
=>m = -0.05
By putting the value of m in equation (1), we get
7 = 300.(-0.05)+b
=> b = 22
So, the linear equation that show the relation between price and demand is given by
p = -0.05m + 22
1.89 times 2 is $3.78 which is more than 3.69, so the answer is b.
The first year profit of the local internet provider was $ 22,389.04.
<h3>What was the profit of a company in its second year of operation?</h3>
According to the statement, we find that the profit of the company in its second year of operation is 666 % greater than its profit in its previous year, that is, the profit in its second year of operation is 7.66 times the profit in its first year of operation. Then, the missing profit is found by using the following arithmetic expression:
x = 171,500 / 7.66
x = 22,389.04
The first year profit of the local internet provider was $ 22,389.04.
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It would be 100 since it it the closest 100
