SOLUTION: You are selling cups of coffee at a sporting event. Your sales records show that when the coffee is priced at $3 per cup, you sell 650 cups. When the coffee is prices at $2.50, you

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Question 316017: You are selling cups of coffee at a sporting event. Your sales records show that when the coffee is priced at $3 per cup, you sell 650 cups. When the coffee is prices at $2.50, you sell 930 cups.
Using that information, write a linear equation for the relationship between price (p) and quantity (q) sold. Your starting point is: q = mx + b, which is the slope intercept form of an equation, and using the two ordered pairs you find m and b. Make sure your answer here is an equation.

Answer by jim_thompson5910(35256)   (Show Source): You can put this solution on YOUR website!
Basically, we're looking for the equation that goes through the points and


First let's find the slope of the line through the points and


Note: is the first point . So this means that and .
Also, is the second point . So this means that and .


Start with the slope formula.


Plug in , , , and


Subtract from to get


Subtract from to get


Divide


So the slope of the line that goes through the points and is



Now let's use the point slope formula:


Start with the point slope formula


Plug in , , and


Distribute


Multiply


Add 650 to both sides.


Combine like terms.


So the equation that goes through the points and is


Now simply replace 'x' and 'y' with 'p' and 'q' to get

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