You changed the pricing for renewals of your product. your previous renewal rate was $250. your income from renewals was $750,000 this year. the new renewal rate is twice the old rate. you have 2500 customers total. show calculator select the best answer how many customers paid the old rate and how many paid the new rate?

2000 customers paid the old rate and 500 customers paid the new rate.

Step-by-step explanation:

The new renewal rate is twice the old rate. That is dollars

Let x be the old rate.

Let y be the new rate.

As given: Your income from renewals was $750,000 this year.

So, we have the following equation:

or  .....(1)

And total you have 2500 customers, so we get the following equation:

     .....(2)

Deriving from (2) and substituting in (1)

=>

y = 500

x = 2000

Hence, 2000 customers paid the old rate and 500 customers paid the new rate.

i hope this is what you were looking for.

see attached graph

or

step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

⇒

⇒ ⇒

factorizing, we get that:

  ⇒

then, the solutions are: or

nothing extraneous has been found!