Answer: y - $50 = $5*(x - 3)
Explanation:
We know that each ticket is sold at $5.00
The band initially had an amount of money M.
We know that after selling 3 tickets, the band had $50
We can write this as:
M + 3*$5.00 = $50
M + $15 = $50
M = $50 - $15 = $35
We want to write the equation for the account in the point-slope form.
We know that the slope will be equal to the cost of a single ticket, and we already have the point:
x = 3
y = $50
Then we can write:
y - $50 = $5*(x - 3)
This is the equation we wanted to find.