document.write( "Question 540895: Regression equation:
\n" );
document.write( "P = 0.15x - 28 ( values given in thousands)
\n" );
document.write( "Profit = $150x - $28,000
\n" );
document.write( "If profit must equal $100,000, how many items need to be sold
\n" );
document.write( "I don't know how to put this in a formula format. I appreciate any help you can give in since algebra is new to me. Thank you so much for being there when needed. You are a godsend. Thank you! Thank you!!!! \n" );
document.write( "
Algebra.Com's Answer #353939 by Theo(13342)![]() ![]() You can put this solution on YOUR website! if you are dealing in thousands, then the formula is: \n" ); document.write( "P = .15x - 28 \n" ); document.write( "profit must be equal to 100. \n" ); document.write( "set P = to 100 in the formula to get: \n" ); document.write( "100 = .15x - 28 \n" ); document.write( "add 28 to both sides of the eqution to get: \n" ); document.write( "128 = .15x \n" ); document.write( "divide both sides of the equation by .15 to get: \n" ); document.write( "x = 853.333333333 \n" ); document.write( "that's how many items need to be sold to break even. \n" ); document.write( "853.33333333 * .15 - 28 = 100 \n" ); document.write( "since you can't sell part of an item, then you need to sell 854 items. \n" ); document.write( "854 * .15 - 28 = 100.1 (you made a profit). \n" ); document.write( "853 * .15 - 28 = 99.95 ( you didn't make a profit). \n" ); document.write( "whether you deal in thousand or in units, you'll get the same answer. \n" ); document.write( "100,000 = 150*x - 2,8000 \n" ); document.write( "add 28000 to both sides of the equation to get: \n" ); document.write( "128,000 = 150*x \n" ); document.write( "divide both sides of the equation by 150 to get: \n" ); document.write( "x = 853.33333333 \n" ); document.write( " \n" ); document.write( " |