Math Problem Statement
In particular, historical data shows that 9000 shirts can be sold at a price of $67 , while 16000 shirts can be sold at a price of $4 . Give a linear equation in the form p = mn + b that gives the price p they can charge for shirts.
Solution
To find the linear equation , where is the price and is the number of shirts sold, we need to use the two data points provided:
- When 9000 shirts are sold, the price is $67.
- When 16000 shirts are sold, the price is $4.
We will treat these as two points on a line: and .
Step 1: Find the slope
The slope of a line is calculated using the formula: Substituting the values: So, the slope is .
Step 2: Use the point-slope form to find the intercept
The point-slope form of a linear equation is: Using the point and : Expanding this equation: Solving for :
Final Equation:
The linear equation is: This equation gives the price based on the number of shirts .
Would you like more details or clarifications on this? Here are some related questions you might explore:
- How would the equation change if the price for 20,000 shirts was $3?
- What does the slope tell us about the relationship between price and number of shirts?
- How can you use this equation to predict the price for selling 12,000 shirts?
- Can you graph this equation and interpret the intercept?
- How would the linear equation differ if it were a quadratic relationship instead of linear?
Tip: The slope of a linear equation shows how sensitive the price is to changes in the quantity sold. A negative slope indicates that the price decreases as more shirts are sold.
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Slope-Intercept Form
Formulas
Slope formula: m = (p2 - p1) / (n2 - n1)
Slope-intercept form: p = mn + b
Theorems
Point-Slope Form of a Line
Linear Function Theorem
Suitable Grade Level
Grades 9-11