Solve each problem. Warehouse Club Membership If the annual fee for a warehouse club membership is $100
Question:
Solve each problem.
Warehouse Club Membership If the annual fee for a warehouse club membership is $100 and the reward rate is 2% on club purchases for the year, then the linear equation y = 100 - 0.02x models the actual annual cost of the membership y, in dollars. Here x represents the annual amount of club purchases, also in dollars.
(a) Determine the actual annual cost of the membership if club purchases for the year are $2400.
(b) What amount of club purchases would reduce the actual annual cost of the membership to $50?
(c) How much would a member have to spend in annual club purchases to reduce the annual membership cost to $0?
Step by Step Answer:
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels