Business-Markup Policy.A clothing Store Sells A...

TinyHead6

From: US
Posts: 19
Votes: 57
Business-Markup Policy. A clothing store sells a shirt costing $20 for $33 anda jacket costing $60 for $93. a.) If the markup policy of the drug store is assumed to belinear, write an equation that expresses retail price R in terms ofcost C (wholesale price). b.) What does a store pay for a suit that retails for$240?

 

Answer No.1

Anonymous

From: -
Posts: -
Votes: -
Y - y0 = m*(x-x0) y = (93-33)/(60-20)*(x-20) + 33 where x is cost. y is price. slope is sold price/cost y = 60/40 *(x-20) + 33 y = 1.5x +3 b) 240 = 1.5*x + 3 x = 158

Your Comment/Solution

Post As: Anonymous [Change]
Enter