The answer is D. 100%
Markup is the amount added to the total cost of product to cover the total overheads and profit.
In markup based on selling price method, the selling price is considered as the endpoint that companies wanted to achieve, (100%) and the markup will be adjusted to cater into thaat equation.
Answer:
y = (3/4)x + 2
Step-by-step explanation:
Slope-intercept form is y=mx+b where (x, y) is a point on the linear graph, m is the slope (rise/run), and b is the y-intercept (the y-value at which the graph passes through the y-axis).
Looking at the graph, we can see that the point at which the line crosses the y-axis is (0, 2) which makes it the y-intercept. Thus, the b in the slope-intercept form is 2.
Next, we are looking for the slope of the line. To do this, we can calculate the rise/run of the line by choosing to points on it. Since we already have the point (0, 2), we just need one more.
For example, the point (-4, -1) can be used. The slope can be found by ((y-y)/(x-x)) in which the first y and x values correspond with the first point and that of the second correspond with the second set. So in this case, m = (2-(-1))/(0-(-4)) = 3/4
Plugging in the calculated m and b value in the slope intercept equation, we get y = (3/4)x + 2
It’s 40 because it’s closer to 40 than 30
