Question 2

If a calculator is sold for $16.15, then the revenue in dollars, R, generated by this item is

given by the formula R=16 15q, where q represents the number of calculators sold. Use

the formula to determine the revenue generated by this item if 28 calculators are sold

Revenue = $452.2

Step-by-step explanation:

Given,

The selling price of a calculator, P = $16.15

The given equation is R = 16.15*q

We know that, Revenue = Price*Quantity

If the selling numbers of calculators is 28,

according to the question,

Revenue = $16.15*28

Revenue = $452.2

That is an example of a linear equation. In this equation, if we increase the quantity sold, the revenue will increase automatically.