Question
A local shoe store buys shoes at a wholesale price and then marks them up 80% to calculate the retail price. The wholesale price varies, depending on the quantity of shoes purchased. (2 points)
Quantity
0-20 pairs
21-40 pairs 41-60 pairs 61-80 pairs
81 or more pairs
Wholesale Price, (per pair) $25.00 each $23.00 each $21.00 each $19.00 each $17.00 each
Write an equation that could be used to find the retail price for each range. How do you know the equation will work consistently for each range? (2 points)
Quantity
0-20 pairs
21-40 pairs 41-60 pairs 61-80 pairs
81 or more pairs
Wholesale Price, (per pair) $25.00 each $23.00 each $21.00 each $19.00 each $17.00 each
Write an equation that could be used to find the retail price for each range. How do you know the equation will work consistently for each range? (2 points)
Answers
There are no human answers yet.
Answered by
GPT 3.5
Let R be the retail price and W be the wholesale price. The equation that could be used to find the retail price for each range is:
R = W + (0.8 * W)
This equation will work consistently for each range because it takes into account the 80% markup on the wholesale price for all quantities of shoes.
R = W + (0.8 * W)
This equation will work consistently for each range because it takes into account the 80% markup on the wholesale price for all quantities of shoes.
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