For income tax purposes, a man uses a method called straight-line depreciation to show the loss in value of a copy
machine he recently purchased. A man assumes that he can
use the machine for 5 years. The following graph shows the
value of the machine over the years. What loss in value
occurred during the first year?

It lost $6.75 in the first year.

Step-by-step explanation: Using the graph, first determine the function of loss in value and years, by calculating:

Slope: m = and then, substitute in:

The equation is:

Assuming y is value and x is years.

From the graph, in year 0, loss is 10 and in year 4, loss is 7, i.e.:

For the first year, loss in value will be:

y = 6.75

During the first year, the loss in value is $6.75

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wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.