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October 24, 2014

October 24, 2014

Posted by **kim** on Sunday, January 15, 2012 at 11:53pm.

- math -
**Steve**, Monday, January 16, 2012 at 11:33amI think the equation should be

x = mp+b

since the price is set, and the demand follows.

x(30) = 32

x(10) = 52

32 = 30p + b

52 = 10p + b

20p = -20

p = -1

b = 62

x = -p + 62

or, if you have a sales goal you want to meet, you can figure the price you must set by

p = -x + 62

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