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.
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)
1 answer