This is a cost that has both a variable cost (depending upon how many shirts are ordered) and a fixed cost (the set up fee which is same regardless of number of shirts ordered) element; in the equation: y = mx + b, each letter represents:
y = cost of shirts
m = cost per shirt
x = number of shirts
b = set up fee
→ 2450 = 7.5 × 300 + b
→ b = 2450 - 2250
→ b = 200
→ y = 7.5x + 200.
Here, b is the set up fee and m is cost per shirt, y is cost and x is number of shirtsy = mx + by = cost = 7.50x + b2450 = 7.50(300) + bb = 200y = 7.50 x + 200
Suppose y = cost, x = number of shirts, c = set up costthen 2450 = 7.5*300 + c
=> c = 200 and so the equation is y = 7.5*x + 200.
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