SOLUTION: a company's monthly sales of $50,00 result in $6,000 profit, while monthly sales of $70,000 result in $9,000 profit. If profit is considered as a linear function of sales, what min
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Question 34981This question is from textbook algebra and trigonometry structure and method
: a company's monthly sales of $50,00 result in $6,000 profit, while monthly sales of $70,000 result in $9,000 profit. If profit is considered as a linear function of sales, what minimum amount of sales is needed to avoid a loss?
i found the slope which was 3/20 and i substituted that in y=mx + b giving me
y=3/20(50,000)+b
then i got y=7500+b
then i substituted 6,000 for y and got -1500=b
my equation then being y=3/20x-1500
i have no idea if this is right or if it is what is being asked for
thank you
This question is from textbook algebra and trigonometry structure and method
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
A more direct aopproach would be to set up a ratio on sales to profit thus
(70,000-50,000)/(9,000-6,000) or 20,000/3000 or for every 20,000 in sales the
co. makes 3,000 profit so for no profit they have to loose 6,000 profit from
sales of 50,000 thus they would have to loose 2*20,000 sales or 40,000
50,000-40,000=10,000 sales would equal 0 profit.
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