Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A clothing business finds there is a linear relationship between the number of hats (X) it can sell and the price (P) it can charge

  1. A clothing business finds there is a linear relationship between the number of hats (X) it can sell and the price (P) it can charge per hat. Historical data shows that 1,500 hats can be sold at a price of $40, while 2,000 hats can be sold at a price of $30. Find a linear equation in the form P(X) = bX + a that gives the price (P) they can charge for (X) hats.

  1. If they gave away the hats for free, how many hats will people take away?
  2. How much must they reduce the price of the hats in order to sell an additional hat?
  3. How many hats can be sold at a price of $25 per hat?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Why Knot An Introduction To The Mathematical Theory Of Knots With Tangle

Authors: Colin Adams

1st Edition

0470413492, 978-0470413494

More Books

Students also viewed these Mathematics questions