im having trouble understanding this question, can someone help me? -The cost to insure jewellery is a fixed amount plus a percentage of the value of the jewellery. It costs $32 to insure $1000 worth of jewellery or $44.50 to insure $3500 worth of jewellery. What is the fixed amount to insure jewellery?

Question

im having trouble understanding this question, can someone help me?  -The cost to insure jewellery is a fixed amount plus a percentage of the value of the jewellery. It costs $32 to insure $1000 worth of jewellery or $44.50 to insure $3500 worth of jewellery. What is the fixed amount to insure jewellery?

unklerhaukus · Answer

y=mx+b
where 
y is cost of insurance
x is cost of the jewelry
b is the fixed amount

anonymous · Answer

im still not getting this, i could see this being a y-y1=m(x-x1), but im not sure if that would work, could you explain it a little more