The owner of a bookstore developed a model for determining the price of rare comic books. The price, P, of each book should vary directly with the number of people, N, that have requested the book and inversely to the number of such books in existence, M. If N = 10 people, M = 10,000 copies, and P = $5, then find P for N = 200 people and M = 100 copies.

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,...
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I am having trouble figuring out if I made an error, I keep getting 8,000

The owner of a bookstore developed a model for determining the price of
rare comic books. The price, P, of each book should vary directly with the
number of people, N, that have requested the book and inversely to the
number of such books in existence, M. If N = 10 people, M = 10,000 copies,
and P = $5, then find P for N = 200 people and M = 100 copies.
Transcribed Image Text:The owner of a bookstore developed a model for determining the price of rare comic books. The price, P, of each book should vary directly with the number of people, N, that have requested the book and inversely to the number of such books in existence, M. If N = 10 people, M = 10,000 copies, and P = $5, then find P for N = 200 people and M = 100 copies.
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