Question

PLEASE HELP FAST!!!

Step 3: Solving real-world problems that involve markups

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)

This is the table

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)

Answer 1

since all the shoes get marked up by 80%

the equation for all of them would be :

y = new price

x = wholesale price

y = 1.8x