Speed Car Rentals charges an initial fee of $55 plus $0.5 per mile. A) Write An equation to represent this situation. B) Create
1 answer:
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Answer:
Option B is the answer.
Step-by-step explanation:
Given :
The cost price = $60 (this is the wholesale price)
Let the actual retail price be R.
40% discount on R = 0.6R (selling price of the product )
We know profit = selling price -cost price
= 25% of 60
=>
Solving for R now:
R = $125
We have to tell the profit/actual retail price percentage.
%
So, the answer is 12%.