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Answer:
The amount of markup is 88 dollars.
Step-by-step explanation:
Given that the whole sale price of bicycle is: $400
Mark up is the profit that the seller of the product makes after selling the product more in price more than its cost or buying price.
Given that mark up percentage is 22%
It can be written mathematically as:
Hence,
The amount of markup is 88 dollars.
Let distance between warehouse and retail outlets be x miles.
We are told that for a one-way trip, the trucking company charges a flat rate of $250 per truck, plus $1.25 for every mile driven. The apparel company has a budget of less than $950 per trip.
Upon multiplying 1.25 by x we will get delivering charges for x miles as 1.25*x. Total delivery charges also include $250 per one-way trip, therefore, 250 will be our constant.
Our total delivery charges for x miles will be,
The apparel company should service those outlets for whom delivery cost will be less than $950.
Therefore, an inequality representing apparel company's profit will be .