A) A local shoe store buys shoes at a wholesale price and then marks them up 80% to calculate the retail price. The wholesale pr

Question

5 days ago

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A) A local shoe store buys shoes at a wholesale price and then marks them up 80% to calculate the retail price. The wholesale pr

ice varies, depending on the quantity of shoes purchased. (2 points)
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?

Mathematics

1 answer:

PIT_PIT [11.9K] · Answer 1 · 2026-04-05T06:36:52+03:00

In this scenario, the buying price decreases with a higher purchase quantity. However, the markup for the retail price remains steady at 80% of the buying cost. If we denote the price as x, then the retail price can be expressed as:
Retail price= x * (100%+80%)
Retail price= x * 180%=
Retail price= 1.8 x

The equation remains consistent across different ranges since the markup ratio is constant. Only the buying price varies depending on how many pairs of shoes are bought.