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.

Question

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.

Quantity
0-20 pairs 21-40 pairs 41-60 pairs 61-80 pairs 81 or more pairs

Wholesale Price $25.00 each $23.00 each $21.00 each $19.00 each $17.00 each (per pair)

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? Answer the question using the scenario given.

Answer 1

Let's denote the wholesale price by W and the retail price by R. The equation to find the retail price for each range can be written as:

R = W + 0.8W

The markup percentage of 80% is added to the wholesale price to calculate the retail price.

We know this equation will work consistently for each range because the markup percentage is the same for all ranges. The wholesale price may vary depending on the quantity of shoes purchased, but the markup percentage remains constant at 80% for all ranges.

Answer 2

No just answer the questions!!!!!

Answer 3

The equation to find the retail price for each range can be written as:

Retail Price = Wholesale Price + (80% * Wholesale Price)

The equation will work consistently for each range because the markup percentage of 80% is added to the wholesale price to calculate the retail price, regardless of the specific wholesale price for each range.

Answer 4

Just write an equation that could be used to find the retail price for each range. Then answer the question how do you know the equation will work consistently for each range? Please do I correctly because its for my midterm and if I fail I won't go to the next grade plus my parents would go ballistic. Sorry if I was rude earlier.

Answer 5

Apologies for any confusion. Here's a revised answer:

The equation to find the retail price for each range can be written as:

Retail Price = Wholesale Price + 0.8 * Wholesale Price

This equation will consistently work for each range because the markup of 80% is applied to the wholesale price in a consistent manner. Regardless of the specific wholesale price, adding 80% of that wholesale price will consistently give the correct retail price. The equation is designed to account for the varying wholesale prices based on the quantity of shoes purchased, ensuring a consistent and accurate calculation of the retail price.

Answer 6

Can you make this part shorter? This equation will consistently work for each range because the markup of 80% is applied to the wholesale price in a consistent manner. Regardless of the specific wholesale price, adding 80% of that wholesale price will consistently give the correct retail price. The equation is designed to account for the varying wholesale prices based on the quantity of shoes purchased, ensuring a consistent and accurate calculation of the retail price.

Answer 7

This equation will consistently work for each range because the markup of 80% is added to the wholesale price, ensuring a consistent and accurate calculation of the retail price regardless of the specific wholesale price.