It is your birthday and you are going to get a new cellphone. The day you buy the phone, you will have to pay the $49 interest fee and a $200 down payment. The remaining balance of the phone will be paid off in 24 equal payments. The total bill is $980, including the interest fee and down payment. Write an equation to solve for p, the required monthly payments

$30.46

Step-by-step explanation:

Total payment = down payment + interest fee + 24 equal payments

980 = 200 + 49 + 24 equal payments

24 equal payments = 24 * p, as we add p 24 times

980 = 249 + 24p

subtract 249 from both sides to isolate p and its coefficient

731 = 24p

divide both sides by 24 to isolate p

p = 30.46

$79500

step-by-step explanation:

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get