What is the minimum value
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The slope of the given line is the coefficient of x, 3/5. The slope of the perpendicular line will be the negative reciprocal of that: -1/(3/5) = -5/3.
The point-slope form of the equation for a line of slope m through point (h, k) can be written ...
... y = m(x -h) +k
For your point and the slope found above, this becomes
... y = (-5/3)(x -15) -5
When x=0, this is
... y = (-5/3)(-15) -5 = 20
The y-intercept is 20.
We have been given that a store manager paid $95 for an item and set the selling price at $116.85. We are asked to find the percent mark-up.
We will use percent increase formula to solve our given problem.
Therefore, the mark-up will be 23% and option 'b' is the correct choice.