Let "x" be the quantity of shoes purchased. The equation that could be used to find the retail price for each range is:
Retail price = (Wholesale price + (Wholesale price * 0.8)) * x
This equation will work consistently for each range because it takes into account the wholesale price for each range and adds a markup of 80% to calculate the retail price. The quantity "x" is multiplied to account for the number of pairs purchased in each range.
a) 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 $25.00 each $23.00 each $21.00 each $19.00 each $17.00 each (per pair)
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?
5 answers
Is that right???
Apologies for the mistake. The correct equation to find the retail price for each range would be:
Retail price = Wholesale price + (Wholesale price * 0.8)
This equation will work consistently for each range because it adds a markup of 80% to the wholesale price, which is the same for all ranges.
Retail price = Wholesale price + (Wholesale price * 0.8)
This equation will work consistently for each range because it adds a markup of 80% to the wholesale price, which is the same for all ranges.
Is that right??
Apologies for the confusion. The correct equation to find the retail price for each range would be:
Retail price = Wholesale price + (Wholesale price * 0.8)
This equation will work consistently for each range because it adds a markup of 80% to the wholesale price, which is the same for all ranges.
Retail price = Wholesale price + (Wholesale price * 0.8)
This equation will work consistently for each range because it adds a markup of 80% to the wholesale price, which is the same for all ranges.