A retail store has monthly fixed costs of $3,000 and monthly salary costs of $2,500 for each employee. If the store hires x employees for an entire year, which equation represents the store's total cost (c), in dollars, for the year?
Q1. A retail store has monthly fixed costs of $3,000 and monthly salary costs of $2,500 for each employee. If the store hires x employees for an entire year, which equation represents the store's total cost (c), in dollars, for the year?
Answer: c = 12(3,000 + 2,500x)
Explanation: Fixed costs are paid 12 times a year, and salary costs are 2500 per employee per month for 12 months, giving c = 12(3000+2500x).