document.write( "Question 191544: A consumer electronics company sells 6.7 million MP3 players per month at a price of $100 apiece; when the price is lowered to $80, the company sells 10.2 million players per month. How many MP3 players can the company expect to sell per month at a price of $75?\r
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document.write( "I thought I would have to figure out cost ÷ sales. I have gotten myself so confused that I don't know which way is up. I was originally trying to figure it out in a ratio format.
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document.write( "6.7 million/month 10.2 million/month x
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document.write( "$100 each $80 $75
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document.write( "=67,000 =127,500
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Algebra.Com's Answer #143705 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A consumer electronics company sells 6.7 million MP3 players per month at a price of $100 apiece; when the price is lowered to $80, the company sells 10.2 million players per month. How many MP3 players can the company expect to sell per month at a price of $75? \n" ); document.write( "-------------------------------------------\r \n" ); document.write( "\n" ); document.write( "You want a function where the number of MP3 players is the dependent variable. \n" ); document.write( "You have two points: (100, 6.7 million) and (80, 10.2 million) \n" ); document.write( "------------ \n" ); document.write( "slope = (10.2-6.7) million/(80-100) \n" ); document.write( "slope = 3.5 million/ (-20) = -0.175 million \n" ); document.write( "------------------------------- \n" ); document.write( "intercept = ?? \n" ); document.write( "4.7 million = (-0.175 million)*100 + b \n" ); document.write( "4.7 million = -17.5 million + b \n" ); document.write( "b = 22.2 million \n" ); document.write( "--------------------- \n" ); document.write( "Equation: \n" ); document.write( "f(x) = (-0.175 million)x + 22.2 million \n" ); document.write( "------------------------------------------ \n" ); document.write( "Then f(75) = -0.175 million * 75 + 22.2 million \n" ); document.write( "f(75) = 9.075 million (# of MP3s sold if the price is $75 \n" ); document.write( "------------------------------------------ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |