Question

Using the formula from part a, calculate the retail price for each quantity range.

Answer 1

You calculated that it cost you $50 to manufacture the bike, and if you decide to sell it for a wholesale price of $60 to the retailer, you'll make a $10 profit per bike. Your profit margin percentage is the total profit divided by the total revenue.

Answer 2

a.$45.00 left

b.$41.40

c.$37.80 to

d.$34.20

e.$30.60 right