You are selling concessions at a local swim meet. Hot dogs are being sold for $1.00 and soda is being sold for $0.50. At the end of the day you made $150. Let x represent the number of hotdogs sold and y represent the number of sodas sold. Write an equation that can be used to find the number of hotdogs and sodas sold at the swim team.
A) Standard Form:
B) Slope-Intercept Form:
C) If you sold 40 hot dogs how many sodas did you sell?
D) Using the Standard Form, identify the x-intercept of the graph and explain how the x-intercept relates to the number of hot dogs and sodas sold.
E) Using Standard Form, identify the y-intercept of the graph and explain how the y-intercept relates to the number of hot dogs and sodas sold.

Answers

Answer 1

A. The equation in standard form: x + 0.50y = 150

B. The equation in slope-intercept from: y = -2x + 300.

C. y = 220 sodas

D. x-intercept is (150, 0)

E. y-intercept is (0, 300).

What is the Standard Form and Slope-intercept Form of a Linear Equation?

The standard form for an equation is: Ax + By = C, where C is a constant and A and B are integers.

The slope-intercept form is, y = mx + b, here, m = slope or unit rate, and b = y-intercept.

A. x = number of hotdogs

y = number of sodas

Cost of one hotdog = $1.00

Cost of one soda = $0.50

Total cost = $150

To write the equation in standard form, substitute A = 1, B = 0.5, and C = 150 into Ax + By = C:

x + 0.50y = 150

B. Rewrite x + 0.50y = 150 in slope-intercept form:

x + 0.50y - x = -x + 150

0.50y = -x + 150

Divide both sides by 2

y = -2x + 300 [slope-intercept form]

C. Substitute x = 40 into x + 0.50y = 150:

40 + 0.50y = 150

0.5y = 150 - 40

0.5y = 110

y = 220 sodas

D. Substitute y = 0 into x + 0.50y = 150:

x + 0.50(0) = 150

x = 150

The x-intercept is 150, it means when 0 number of soda is sold, 150 hot dogs is sold.

E. Substitute x = 0 into x + 0.50y = 150:

0 + 0.50y = 150

y = 150/0.5

y = 300

The y-intercept is 300, it means when 0 number of hot dog is sold, 150 sodas are sold.

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Related Questions

1. Given the sequence: {5, 7, 9, 11, ...}
Which explicit formula generates this sequence?
What’s the answer

Answers

Given that each term has a common difference, this is an arithmetic sequence as per the explicit formula that generates this sequence.

Arithmetic Sequence formula.

In this instance, the next word in the sequence is obtained by adding 2 to the previous term. To put it another way, a n = a 1 + d (n – 1) This is the arithmetic sequence’s formula.

How are explicit formulas handled?

Firstly, we have to find the initial phrase in a given series. Thereafter we have to find the shared difference between the following phrases in the sequence. For an explicit rule, replace the general form with the first term and common difference.

What in mathematics is an arithmetic sequence?

The distance between succeeding terms in an arithmetic series is always the same.

The difference between consecutive terms in the sequence 3, 5, 7, 9…, for instance, is an example of an arithmetic sequence.

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please help. urgent!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

From the given linear equation graph, we can tell that the equation of the line in slope intercept form is; y = 1.2x + 3

How to Interpret Linear Equation Graph?

The general form of equation of a line in slope intercept form is;

y = mx + c

where;

m is slope

c is y-intercept

From the given graph, we see that;

y - intercept = 3

x - intercept = -2.5

Now, we can find the slope by taking two coordinates;

(-2.5, 0) and (0, 3)

Slope = (3 - 0)/(0 - (-2.5))

Slope = 3/2.5

Slope = 1.2

Thus, the equation of the line is;

y = 1.2x + 3

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Write an equation for the line parallel to the given line that contains C.
8
C(-1,8); y=8/9x-7
y=

Answers

The equation for the line parallel to given line containing C:

y = 8/9x + 64 / 9

What is Parallel line ?

Parallel lines in geometry are coplanar, straight lines that don't cross at any point. In the same three-dimensional space, parallel planes are any planes that never cross. Curves with a predetermined minimum distance between them and no contact or intersection are said to be parallel.

Given that a line's equation is,

y = 8 / 9x - 7

If we contrast this equation with a line's slope-intercept,

this line's slope = 8/9

Since every line parallel to this one will have a same slope,

The parallel line's slope is equal to

The symbol for the line with the slope 'm' and the coordinates (x', y') is

y - y' = m(x - x')

As a result, the equation of the line through (-1, 8) with a slope will be,

y - 8 = 8/9 (x-1)

y =8/9x - 8/9 - 8

y = 8/9x + 64 / 9

Hence, The equation for the line parallel to given line containing C is

y = 8/9x + 64 / 9

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Find the equation of the line.

Use exact numbers.

Answers

Answer:

y = (1/2)x + -3

Step-by-step explanation:

Point 1: (0, -3); Point 2: (6, 0)

            (x₁, y₁)                (x₂, y₂)

       y₂ - y₁           0 - (-3)      0 + 3         3           1

m = ------------- = ------------ = ---------- = -------- = --------

        x₂ - x₁            6 - 0           6            6           2

y - y₁ = m(x - x₁)

y - (-3) = (1/2)(x - 0)

y + 3 = (1/2)x

   - 3              -3

----------------------------------

y = (1/2)x - 3

I hope this helps!

Answer: y=0.5x-3

Step-by-step explanation:

[tex]\displaystyle\\(0,-3)\ \ \ \ (6,0)\\ \frac{x-x_1}{x_2-x_1}=\frac{y-y_1}{y_2-y_1} \\\\x_1=0\ \ \ \ x_2=6\ \ \ \ \ y_1=-3\ \ \ \ \ y_2=0\\\\\frac{x-0}{6-0} =\frac{y-(-3)}{0-(-3)}\\\\\frac{x}{6} =\frac{y+3}{0+3} \\\\\frac{x}{6} =\frac{y+3}{3}[/tex]

Multiply both parts of the equation by 3:

[tex]\displaystyle\\\frac{x}{2} =y+3\\\\0.5x=y+3\\\\0.5x-3=y+3-3\\\\0,5x-3=y\\\\Thus,\ y=0.5x-3[/tex]

11.) You have $49.99 to spend for a pair of jeans. The sales tax is 7%. What is the
most the jeans can cost?
A) $46.49
B) $46.72
C) $29.41
D) $45.16

Answers

Answer:

B) $46.72

Step-by-step explanation:

Let j = cost of the jeans

j * 1.07 is the cost of the jeans with tax

j * 1.07 = 49.99

Divide each side by 1.07

j * 1.07 /1.07 = 49.99 / 1.07

j =46.72

The jeans can cost no more than 46.72

Answer:

B) $46.72

Step-by-step explanation:
The problem can be expressed as an equation you solve for "y"
y + y * 0.07 = 49.99

We factor out the "y" from the equation and we get
y  * (1 + 0.07) = 49.99

Which is the same as
y * 1.07 = 49.99

We can then divide by 1.07 both sides
y = 49.99 / 1.07

Which yields
y = 46.719

If rounding is allowed the answer is B, otherwise the answer is A. I'll go with the rounded one


A construction crew is lengthening a road. The road started with a length of 53 miles, and the crew is adding 4 miles to the road each day.
Let L represent the total length of the road (in miles), and let D represent the number of days the crew has worked.
Write an equation relating L to D. Then use this equation to find the total length of the road after the crew has worked 36 days.

Answers

Answer:

L = 4D + 53

After 36 days of work, the road will be 197 miles long.

Step-by-step explanation:

This question requests that an equation is found to represent the relationship between the length of a road and the days that the workers spend working on the road.

We are given that the road is 53 miles long prior to the work done by the construction crew. This means that this will be added in addition to what we will find.

L represents the length of the road after D days. Since the road is lengthened by 4 miles each day, this could be represented by 4 * D, or simply 4D.

Therefore, the equation we find can be written as L = 4D + 53.

Since we need to find how many miles the road will be after 36 days of work, substitute 36 days as D and solve for L:

L = 4(36) + 53

L = 144 + 53

L = 197

Therefore, the road will be 197 miles long after 36 days of construction.

The arithemetic mean of 3,15, and my number is 40. What is my number?

Answers

_

Average of given n numbers X1,X2,.........,Xn is x= £xi/n

Let the my number be x

Given:- The average of 3,15,x is 40

£xi/n =40

3+15+x/3=40

Multiplying 3 both side

18+x=120

x=120-18

x=102

Hence, my number is 102

suppose that 75% of the applicants for a certain industrial job possess advanced training in computer programming. applicants are interviewed sequentially and are selected at random from the pool. find the probability that the first applicant with advanced training in programming is found on the third interview. (round your answer to four decimal places.)

Answers

The probability that the first applicant with advanced training in programming is found on the third interview is  0.0469

Let X denote the number interviewed until 1 has advanced training and follows a geometric distribution with parameter 75%, so

Geometric distribution is: (1-75%)

                                        =0.75

The density function of geometric distribution is,

[tex]P(X=x)=p(1-p)^{x-1}[/tex], for all x = 1,2,3,....

Now, we calculate the probability that the first applicant with advanced training in programming is found on the third interview:

P(X=3) =[tex]0.75(1-0.75)^{3-1}[/tex]

          =[tex]0.75(1-0.75)^{2}[/tex]

          =0.75×0.0625

          =0.0469

Hence, the required probability is 0.0469

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Long division synthetic remainder theorem and factor theorem

[tex](4n^3 - 18n + 21 - 8n^2) ÷ (2n - 6)[/tex]

Answers

answer step by step:

hope this helps

Grand canyon tours offers air and ground scenic tours of the grand canyon. tickets for the 7-1/2 hr tour cost $169 for an adult and $129 for a child, and each tour group is limited to 19 people. on three recent fully booked tours, total receipts were $2931 for the first tour, $3011 for the second tour, and $2771 for the third tour. determine how many adults and how many children were in each tour. hint: use method of question 2 to find the number of adults and children in each tour (3 tours).

Answers

Using a system of equations, the number of people on each tour is given as follows:

First tour: 12 adults and 7 children.Second tour: 14 adults and 5 children.Third tour: 8 adults, 11 children.

What is a system of equations?

A system of equations is when multiple variables are related, and equations are built to find the numeric values of each variable, according to the relations built in the context of the given problem.

For this problem, the variables are described as follows:

Variable x: number of adults in the tour.Variable y: number of children in the tour.

All the tours were fully booked, hence the following equation is used in all cases:

x + y = 19.

Four the first tour, considering the values of the ticket and the total receipts, the following equation is built:

169x + 129y = 2931.

Using a calculator, the solution is:

x = 12, y = 7 -> 12 adults and 7 children.

For the second tour, the equation is:

169x + 129y = 3011.

Hence:

x = 14, y = 5 -> 14 adults and 5 children.

For the third tour, the equation is:

169x + 129y = 2771.

The solution is:

x = 8, y = 11 -> 8 adults, 11 children.

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7. You bought a Gatorade and 4 bags of apples for $5.50. Write the equation that determines how much
each bag of apples was if the Gatorade cost $2.50.

Answers

Answer: (5.50-2.50)/4 = 0.75. each bag of apples is $0.75

Step-by-step explanation:

first, you subtract $5.50 by $2.50 to get $3, the cost of the 4 bags of apples altogether ($5.50 - $2.50 = $3)

then you divide $3 by 4 to get the cost of each bag of apples. (3/4 = 75)

so each bag of apples is $0.75

i hope this helps!

Suppose that you decide to buy a car for $27,635, including taxes and license fees. you saved $5000 for a down payment and can get a three-year car loan at 6.36%. Find the monthly payment and the total interest for the loan

Answers

the monthly payment of $ 668.75 will be paid for the loan for the car.

Total payment for the car = $ 27,635

Money for down payment = $ 5000

Interest for 3 year loan = 6.36 %

Amount on which this interest will be applied = $ 27,635 - $ 5000

Amount = $ 22,635

Interest = 6.36 % of $ 22,635

Interest = 6.36 / 100 × $ 22,635

Interest = 1440 (approx.)

Total amount of loan = $ 22,635 + $ 1440

= $ 24075

Number of months = 3 × 12 = 36 months

So, monthly payment = $ 24075 / 36
= $ 668.75

Therefore, we get that, the monthly payment of $ 668.75 will be paid for the loan for the car.

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PLEASE HELP ASAP this stuff doesn’t make sense ;-;

Answers

The system of Inequality for the given graph is;

2x + 3y ≥ 12

3x - 5y ≥ 15

How to Interpret Inequality graph?

Inequalities that use < or > symbols are always plotted with a dashed line while Inequalities that use ≤ or ≥ symbols are always plotted with a solid line.

Now, if the shaded portion is above a dashed line, the the symbol is > but if it is shaded above a solid  line, then the symbol is ≥. In this question, a solid line is used for both equations and shaded above the lines and so we will use ≥.

Equation of Line 1;

x-intercept = 6

y intercept = 4

Slope = -2/3

Thus, using the general equation of slope of line, the equation of this inequality is; 2x + 3y ≥ 12

Similarly, the equation of the second line will be;

3x - 5y ≥ 15

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a. If p is an even number, then p + 12 is even.​

Answers

Answer:

True???

Step-by-step explanation:

Is this a true or false question?

P+12=even number

Examples...

12+12=24

16+12=28

66+12=78

Answer:

YES

Step-by-step explanation:

even + even = even

always and forever

Write a rule to describe the transformation.
E(-1-3), F(0,1), G(3,-2)
E'(-1.5,-4.5), F'(0,1.5), G' (4.5.-3)

Answers

Answer:

x= x1.5  y = x1.5

E' = E dilated by 1.5

Step-by-step explanation:

-1 x 1.5 =-1.5  -3 x 1.5 = -4.5  (-1.5,-4.5)

0 x 1.5 =0  1 x 1.5 = 1.5  (0,1.5)

3 x 1.5 = 4.5   -2 x 1.5 =-2  (4.5.-3)

Multiply −14y(7y − 5).

−98y2 + 70y
−98y2 + 70
−98y2 − 5
98y2 − 70y

Answers

Answer:

[tex]-98y^2+70y[/tex]

Step-by-step explanation:

Expand the equation [tex]-14y(7y-5)[/tex], we get

[tex](-14y*7)-(-14y*5)[/tex]

Which is equal t0:o

[tex]-98y^2+70y[/tex]

The product of given monomial by binomial is -98y²+70y.

Given that, -14y(7y - 5).

What is product of polynomials?

To multiply two polynomials: multiply each term in one polynomial by each term in the other polynomial. Add those answers together, and simplify if needed.

Using distributive property, multiply given monomial by binomial. That is,

-14y(7y - 5)=-14y×7y - (-14y)(5)

= -98y²+70y

Therefore, the product of given monomial by binomial is -98y²+70y.

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All of the following are equivalent fractions except
04/12
07/21
O 5/20
O9/27

Answers

Answer:

05/20 is not an equivalent fraction

Step-by-step explanation:

1) Write each fraction in its simplest form. To do this divide the numerator by the denominator.

04/12 becomes 1/3

07/21 becomes 1/3

05/20 becomes 1/4

09/27 becomes 1/3

2) all the fractions simplify to the same number except 05/20. So, we can conclude that 05/20 is not an equivalent fraction

Write down the order of rotational symmetry of this regular heptagon.

Answers

The order of the rotational pentagon is 6.

What is order of a polygon?

The amount of times a form may be turned in a full circle without losing its appearance is known as its order of rotational symmetry. The only time the triangle appears the same after being rotated a full 360 degrees is when it returns to its original beginning position. It only has one rotational symmetry order, which is the initial position. A form can only have one rotational symmetry order.

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Zoe downloaded a trial game to her computer. She has at most 60 free minutes to
play the game. It takes 5 minutes to set up her character, and the instructions say
each level takes 8 minutes.

How many levels L is she estimated to complete on the free trial?
Show work or explain. Write your answer as an inequality. (here are inequality symbols you can
copy and paste < > ≤ ≥)

Answers

Answer:

6 levels

Step-by-step explanation:

60 - 5 (to set up the character)

55 total minutes

8(l) = 55

L = 55/8

L = 6.875

.˙. they can finish 6 levels

Converting Units of Measure I - Item 35100
Ellie needs 24 cups of milk for a large recipe. How many gallons does she need?
2 c = 1 pint
(pt)
2 pt = 1
quart (qt)
4 qt = 1
gallon (gal)

Answers

Ellie needs 1.5 gallon of milk (that is 24 cups).

we are given 2 cup = 1 pint

we have 24 cup which will be equal to 24/2 i.e. 12 pint.

we are given 2 pint = 1 quart

we have 12 pint which will be equal to 12/2 i.e. 6 quart

we are given 4 quart = 1 gallon

we have 6 quart which will be equal to 6/4 i.e. 1.5 gallon.

Hence, we know 24 cups of milk is equivalent to 1.5 gallon of milk

what are conversions in maths?

By multiplying or dividing a number, a conversion factor can be used to change one set of units to another. When a conversion is required, the right conversion factor to an equivalent value must be applied. For instance, 12 inches equals 1 foot when converting between inches and feet.

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Skippy got his first paycheck and his gross pay was $1200. He noticed he paid the federal
government $180, FICA $91.44, and a state tax of $60.
a) How much did he pay in taxes?
b) What percentage of his gross income went to taxes?
c) What is his net pay?

Answers

A) he paid $231.44 in taxes. The way I found out is I added all three taxes together which is
91.44
180.00
60.00
+
________
$231.44

B) 19.28% went to taxes. To find the percentage all you have to do is take the total amount of taxes he paid which is 231.44 and divide it by the total amount he got paid before deduction which is 1200 and then you multiply the number you get by 100.

231.44/1200 = (0.1928666)100 = 19.28%

C) $968.56. To find this all you have to do is take the total amount of taxes he paid which is 231.44 and subtract it from the gross pay 1200 and that will give you the net pay.

cami invested $6000 dollars into an account that ears 10% intrest compound annually. write an explicit equation for how much money she wil have after t years

Answers

Answer:

Below in bold.

Step-by-step explanation:

10% = 0.10 as a decimal fraction.

After t years:

Amount = 6000(1 + 0.10)^t

Find the distance between points S(-2,4) and T(3,9). Round your answer to the nearest tenth.

Answers

Answer:

d^2=(x2-x1)^2+(y2-y1)^2

d^2=[3-(-2)]^2+(9-4)^2

d^2=(5)^2+(5)^2

d^2=25+25

d^2=50

d= [tex]\sqrt{50}[/tex]

d=7.07 units

If f(x)=2(x)^2 + 5 square root (x-2), complete the following statement
The domain for f(x) is all real numbers _____ than or equal to 2.

Answers

Answer:

Greater.

Step-by-step explanation:

The in the function , the square root term has to give a real number if is to be real. This can only happen if because if then will give a complex number and therefore will not be real.

Thus, the domain for f(x) is all real numbers greater than or equal to 2.

Answer:

The domain for f(x) is all real numbers greater than or equal to 2.

Step-by-step explanation:

Given function:

[tex]f(x)=2x^2+5 \sqrt{x-2}[/tex]

The domain of a function is the set of all possible input values (x-values).

As the square root of a negative number cannot be taken:

[tex]\implies x-2\geq 0[/tex]

Therefore:

[tex]\implies x-2+2\geq 0+2[/tex]

[tex]\implies x\geq 2[/tex]

Therefore, the domain of the given function is greater than or equal to 2.

Determine whether the graph represents a linear or non linear function and explain

Answers

Answer:

Non-linear

Step-by-step explanation:

Because the line is not straight.

In the circle below, P is the center. If < APB measures 56 °, find the measure of < ACB.

Answers

Given the shown figure

since

The Central Angle Is Twice The Inscribed Angle

where

a= mACB

2a = mAPB=56

then

[tex]2a=56[/tex][tex]a=\frac{56}{2}[/tex][tex]a=28[/tex]

a= mACB=28

Correct answer

option b

28

Solve for x -
[tex]\sf 6+4x+3=6x-21[/tex]

Answers

Answer:

x = 15

Step-by-step explanation:

Let's start by copying down the equation.

6 + 4x + 3 = 6x - 21

Let's simplify this equation and we get,

4x + 9 = 6x - 21

Now, we can add 21 to both sides to isolate 6x on one side. Then, we get...

4x + 30 = 6x

Now, we minus 4x from both sides to get rid of it.

Then we get...

2x = 30

Thus, x = 15

6 + 4x + 3 = 6x - 21

We minus (4x+3) on both side.

6 + 4x + 3 - (4x+3) = 6x - 21 - (4x + 3)

6 = 2x - 24
2x = 30
x = 15.

Recheck : 6 + 60 + 3 = 90 - 21
69 = 69 (nice.)

9. A teacher assigns 4 points for a correct
answer, -1 points for an incorrect answer,
and 0 points for leaving the question
unanswered. What is the score for a
student who had 23 correct answers, 2
incorrect answers, and 1 unanswered
questions?

Answers

Answer:

90

Step-by-step explanation:

4 x 23 = 92
2 x (-1) = -2
1 x 0 = 0

92 + (-2) + 0 = 90

Sophie has
1
2
cup of chocolate which can make
1
3
of a S’more recipe. How many cups of chocolate are needed to make one whole S’more recipe? EXTRA POINTS FOR A CORRECT ANSWER

Answers

Answer:

1 1/2 cups of chocolate

Step-by-step explanation:

Sophie has

1/2

cup of chocolate which can make

1/3

of a S’more recipe. How many cups of chocolate are needed to make one whole S’more recipe? EXTRA POINTS FOR A CORRECT ANSWER

1 1/2 cups of chocolate because 1/3 takes 3 times to get a whole so 1/2x3=

1 1/2

which rational is qvuivalent to 0.86

Answers

The rational equivalent to 0.86 can be written as 43/50.

A rational number may be defined as the number which can be expressed in the form of p/q where p and q are integers, and the term q cannot be equal to zero. It can be either positive or negative or both. We can also say that any fraction which does not have zero in the denominator is called a rational number. Zero can also be regarded as a rational number as it can also be represented as a fraction. For example, 0/2, 0/5.  In order to write 0.86 as a rational number, we have to convert it in fraction form. In fraction form it can be written as

0.86 = 86/100

This is also a rational number, but we simplify it further and we get

86/100 = 43/50 which is a rational number.

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Other Questions
[tex]\sqrt{6} +2\sqrt{3} +\sqrt{12}[/tex] prepare a sample of post card that you are going to give your friend on the occasion of dashain and tihar Which of the following best describes Joe Dagget's speech?A. Colloquial and unfocusedB. Amorous and impassionedC. Pedantic and pompousD. Subtle and refinedE. Informal and straightforward Choose a rational number expressed as an infinite periodic decimal greater than 0.6(3) and less than 0.64. Write in all missing angles. Explain the difference between the subject of a work of art, and its medium. which groip of colonist proved most harmful to the native american what is the SURFACE AREA Five people are in the hospital. Each patient has only one illness, and each person has a different illness. Each person occupies a separate room; room numbers are 101105.The person with asthma is in Room 101.Ms. Jones has a heart disease.Ms. Green is in Room 105.Ms. Smith has tuberculosis.The woman with mononucleosis is in Room 104.Ms. Thomas is in Room 101.One of the patients, other than Ms. Anderson, has gall bladder disease.Question: What illness does Ms. Anderson have and in what room is she? Describe how you arrived at this answer. Four friend must give a 7 minute presentation.each friend must speak for an equal amount of time. How long will each friend speak? Answer the questions beneath the attached document assume that each of the n trails Order the following regions of the EM spectrum from lowest to highest energy: infrared, microwaves, ultraviolet, visible, X-rays, gamma rays 1 2 3 4 5 6 7 8 9 10 Which point on the number line represents the product (5) (negative 2) (negative 1)? A number line going from negative 11 to positive 11. Point A is negative 10, point B is negative 2, point C is 2, point D is 10. Point A Point B Point C Point D Circle whether the point is a solution to the inequality. Show work to support the answer.y 1/3x + 4 is (-6,2) a solution?Yes/No point F is on line segment EG. given FG = 8, EF = 2x + 4, and EG = 4x - 10, determine the numerical length of EF Write the quadratic equation that has roots [tex]\frac{(-1-\sqrt{2})}{3}[/tex] and [tex]\frac{(-1+\sqrt{2})}{3}[/tex] if its coefficient with [tex]x^{2}[/tex] is equal to 1. What do Stupas represent? Burial Ground Of Buddha, in which relics have been distributedThe representation of the power of buddhismAncient Hindu Burial SitesThe coming together of Christianity, Buddhism and Hinduism A zoo has an agreement with the local farmers. They sell the daily waste from the elephants to the farmers for $5.00 per pound. If the amount of waste produced by the elephant on a given day is at the 10th percentile of the distribution of waste, how much money would the zoo make selling the waste that day? Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently, the demand for the product is raised from 20,000 units to 25,000 units. Calculate the price elasticity of demand.