A company has learned that by pricing a newly released toy at $6, sales will reach 3000 per day. Raising the price to $8 will cause the sales to fall to 2500 per day. Assume that the ratio of change in price to change in daily sales is constant and let x be the price of the toy and y be the number of sales. a. Find the linear equation that models the price-sales relationship for this toy. [Hint: The line must pass through (6,3000) and (8,2500).] b. Use this equation to predict the daily sales of the toy if the price is set at $7.50. ..... a. Find the linear equation that models the price-sales relationship for this toy. y = (Simplify your answer.) b. Predict the daily sales of the toy if the price is set at $7.50. toys
A company has learned that by pricing a newly released toy at $6, sales will reach 3000 per day. Raising the price to $8 will cause the sales to fall to 2500 per day. Assume that the ratio of change in price to change in daily sales is constant and let x be the price of the toy and y be the number of sales. a. Find the linear equation that models the price-sales relationship for this toy. [Hint: The line must pass through (6,3000) and (8,2500).] b. Use this equation to predict the daily sales of the toy if the price is set at $7.50. ..... a. Find the linear equation that models the price-sales relationship for this toy. y = (Simplify your answer.) b. Predict the daily sales of the toy if the price is set at $7.50. toys
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
A company has learned that by pricing a newly released toy at
$6,
sales will reach
3000
per day. Raising the price to
$8
will cause the sales to fall to
2500
per day. Assume that the ratio of change in price to change in daily sales is constant and let x be the price of the toy and y be the number of sales.a. Find the linear equation that models the price-sales relationship for this toy. [Hint: The line must pass through
(6,3000)
and
(8,2500).]
b. Use this equation to predict the daily sales of the toy if the price is set at
$7.50.
a. Find the linear equation that models the price-sales relationship for this toy.
y=enter your response here
(Simplify your answer.)
b. Predict the daily sales of the toy if the price is set at
$7.50.
enter your response here
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