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3. The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable or suppliers costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $360, and the supplier’s cost for a tile set is $ 10 each. Let x represent the number of tile sets.
a. If b represents a fixed cost, what value would represent b?
b. Find the Cost Equation for the tile sets.
Total costs equal Variable costs plus Fixed costs
Write your answer in the form
Let x = number of tile sets sold ( include the units as a check)
a. b = 360.
Y = 10X + 360.