The owner of a restaurant franchise pays the parent company a monthly fee of $5163 plus 12% of sales.
(b) Use the equation from part(a) to compute the amount that the owner has to pay if monthly sales are $10,700.
Let x be the amount the owner has to pay if monthly sales are $10,700.
The equation is x = 5163 + 0.12 *10700
The equation is x = 5163 + 1284
The equation is x = $\boxed{6447}
To compute the amount that the owner has to pay if monthly sales are $10,700, we need to use the equation from part (a) which represents the monthly fee for the restaurant franchise.
The equation is given as: Fee = $5163 + 0.12 * Sales
Let's substitute the given values into the equation:
Sales = $10,700
Fee = $5163 + 0.12 * $10,700
To calculate the fee:
1. Multiply 0.12 by $10,700: 0.12 * $10,700 = $1,284
2. Add the result from step 1 to $5163: $1,284 + $5163 = $6,447
Therefore, if the monthly sales are $10,700, the owner has to pay a total of $6,447.
To compute the amount that the owner has to pay if monthly sales are $10,700, we can use the equation:
Amount = Monthly Fee + (Percentage x Sales)
Given:
Monthly Sales = $10,700
Monthly Fee = $5163
Percentage = 12% = 0.12
Plugging in the values into the equation:
Amount = $5163 + (0.12 x $10,700)
Calculating:
Amount = $5163 + ($1284)
Amount = $6447
Therefore, the amount that the owner has to pay if monthly sales are $10,700 is $6,447.