Posted by daylo on Sunday, January 23, 2011 at 6:52pm.
65, A drugstore sells a drug costing $85 for $112 and drug costing $175 for $238.
A, If the markup policy of the drugstore is assumed to be linear, write an equation that expresses retail price R in terms of cost C (wholesale price).
B, what does a store pay (to the nearest dollar) for a drug that retails for $185?

Finite Math  drwls, Sunday, January 23, 2011 at 8:04pm
Assume the linear relationship
R = mC + b
where m and b are constants
112 = 85 m + b
238 = 175 m + b
126 = 90m
m = 1.40
b = 7
R = 1.40 C  7
This is a linear relationship, but it means they will be selling under C < $5 drugs at a loss, or paying people to take them. This is unrealistic.
If R = 185, C = $137.14
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