Membership warehouse clubs offer shoppers low prices, along with rewards of cash back on club purchases. If the yearly fee for a warehouse club membership is $100 and the reward rate is 2% on club purchases for the year, then the linear equation y=100-0.02x models the actual yearly cost of the membership y, in dollars. Here x represents the yearly amount of club purchases, also in dollars. a).Determine the actual yearly cost of the membership if club purchases for the year are $2800. b) What amount of club purchases would reduce the actual yearly cost of the membership to $43? c) How much would a member have to spend in yearly club purchases to reduce the yearly membership cost to $0?
Membership warehouse clubs offer shoppers low prices, along with rewards of cash back on club purchases. If the yearly fee for a warehouse club membership is $100 and the reward rate is 2% on club purchases for the year, then the linear equation y=100-0.02x models the actual yearly cost of the membership y, in dollars. Here x represents the yearly amount of club purchases, also in dollars. a).Determine the actual yearly cost of the membership if club purchases for the year are $2800. b) What amount of club purchases would reduce the actual yearly cost of the membership to $43? c) How much would a member have to spend in yearly club purchases to reduce the yearly membership cost to $0?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter7: Equations And Inequalities In Two Variables
Section7.CR: Review Problem Set
Problem 64CR
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Membership warehouse clubs offer shoppers low prices, along with rewards of cash back on club purchases. If the yearly fee for a warehouse club membership is $100 and the reward rate is 2% on club purchases for the year, then the linear equation y=100-0.02x models the actual yearly cost of the membership y, in dollars. Here x represents the yearly amount of club purchases, also in dollars.
a).Determine the actual yearly cost of the membership if club purchases for the year are $2800.
b) What amount of club purchases would reduce the actual yearly cost of the membership to $43?
c) How much would a member have to spend in yearly club purchases to reduce the
yearly membership cost to $0?
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