12
QuizMultiple Choice

Business Expenses — Quiz

Question 12 • Financial Math

A pet salon has fixed monthly expenses of $⁢1,800 for rent, $⁢400 for insurance, and a line of credit payment of $⁢200 Initially, its variable expenses are given by V⁡(q)=5.00⁢q+100 , where q is the number of pets styled. Due to an increase in the cost of styling supplies, an additional $⁢1.00 per pet is added to the variable expenses. What is the new equation for the total monthly expenses E⁡(q) ?

Answer
A
cap e times q is equal to 5 point 0 0 q plus 2 comma 550
B
cap e times q is equal to 6 point 0 0 q plus 2 comma 300
C
cap e times q is equal to 6 point 0 0 q plus 2 comma 500
D
cap e times q is equal to 6 point 0 0 q plus 2 comma 550

Explanation

Add the fixed monthly expenses: $1,800 + $400 + $200 = $2,400. The extra $1.00 per pet raises the variable cost from $5.00q + $100 to $6.00q + $100. Thus, total expenses are E(q) = $6.00q + $100 + $2,400 = $6.00q + $2,500, which is choice D.

AI-written and checked against the verified answer.

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