For Questions 28–37, refer to the following: From years of experience, a bagel shop has determined that at a price of p = $ 2.50 , they will sell x = 450 bagels each week. If they lower the price to p = $ 2.00 , they will sell x = 550 bagels each week. The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the bagel shop’s fixed weekly costs allotted to bagels is $200, and the supplies to actually produce each bagel cost $0.75. Write an equation that represents the total cost to the shop of producing x bagels. Your equation should look like C = m x + b .
For Questions 28–37, refer to the following: From years of experience, a bagel shop has determined that at a price of p = $ 2.50 , they will sell x = 450 bagels each week. If they lower the price to p = $ 2.00 , they will sell x = 550 bagels each week. The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the bagel shop’s fixed weekly costs allotted to bagels is $200, and the supplies to actually produce each bagel cost $0.75. Write an equation that represents the total cost to the shop of producing x bagels. Your equation should look like C = m x + b .
Solution Summary: The author calculates the equation for the total cost of the shop of producing x bagels. The portion of fixed cost is 200 and the cost that varies to produce each bagel is 0.75.
For Questions 28–37, refer to the following: From years of experience, a bagel shop has determined that at a price of
p
=
$
2.50
, they will sell
x
=
450
bagels each week. If they lower the price to
p
=
$
2.00
, they will sell
x
=
550
bagels each week.
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the bagel shop’s fixed weekly costs allotted to bagels is $200, and the supplies to actually produce each bagel cost $0.75. Write an equation that represents the total cost to the shop of producing x bagels. Your equation should look like
C
=
m
x
+
b
.
In Problems 15–26, approximate each number using a calculator. Express your answer rounded to three decimal places.
Often lottery winnings are divided into equal payments given annually for 20 – 25 years. So the present value of the winnings is worth less than the actual jackpot, depending on the rate at
which money could be invested. Find the present value in dollars using the given conditions.
Complete the table for each amount, interest rate, and number of payments.
Jackpot Amount
Interest Rate
Equal Annual Payments Present Value (in dollars)
$7,000,000
8%
20
$7,000,000
14%
20
$4
$7,000,000
8%
25
$
$7,000,000
14%
25
(Round to the nearest dollar as needed.)
the month of June.
Question 3: Good Food Bakery paid $599.25 for flour after discounts of 15% and 6 % were applied to its
order. What was the list price of the flower?,
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