SOLUTION: A clothing business finds there is a linear relationship between the number of shirts,n,it can sell and the price,p, it can charge per shirt. In particular, historical data shows t

Question 1160323: A clothing business finds there is a linear relationship between the number of shirts,n,it can sell and the price,p, it can charge per shirt. In particular, historical data shows that 2000 shirts can be sold at a price of $69, while 10000 shirts can be sold at a price of $13. Give a linear equation in the form p=mn+b that gives the price p they can charge for n shirts.
Answer by ikleyn(52797) (Show Source): You can put this solution on YOUR website!
.


The slope coefficient is


    m =  = -0.007.


Therefore, the linear function for the price is


    p = m*(n-2000) + 69 = -0.007*(n-2000) + 69 = (69+0.007*2000) - 0.007*n = 83 - 0.007n.


    m = -0.007,  b = 83.

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