Calculate the missing information based on the format of the income statement. Net Sales = 338, 500 Cost of Goods Sold = 132,00 Operating Expenses = 109,000  Solve for Gross Margin ($) and Net Profit ($)

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.