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)
Quantity
0-20 pairs 21-40 pairs 41-60 pairs 61-80 pairs
81 or more
pairs
Wholesale Price
$25.00
$23.00
$21.00
$19.00
$17.00
(per pair)
each
each
each
each
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)
