The owner of a restaurant franchise pays the parent company a monthly fee of $5163 plus 12% of sales.
(b) Use 0.12x +5163 to compute the amount that the owner has to pay if monthly sales are $10,700.
To compute the amount that the owner has to pay if monthly sales are $10,700, we substitute x = 10700 into the expression 0.12x + 5163.
So, the amount that the owner has to pay is 0.12(10700) + 5163 = $763.
To compute the amount that the owner has to pay if monthly sales are $10,700, we can use the given formula: 0.12x + 5163.
First, substitute x with 10,700 in the formula:
0.12(10,700) + 5163
Next, perform the multiplication and addition:
1,284 + 5163
Finally, add the two values together:
5,447
Therefore, if the monthly sales are $10,700, the owner will have to pay $5,447.
To compute the amount that the owner has to pay if monthly sales are $10,700, we can substitute the value of x=10,700 into the expression 0.12x + 5163:
0.12 * 10,700 + 5163 = $1,284 + $5,163 = $6,447
Therefore, if monthly sales are $10,700, the owner would have to pay $6,447.