Wholesale price $12.50. %Markup 78% what is the $Markup and retail sale price
1 answer:
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Answer:
Step-by-step explanation:
Since the fractions are like, their denominators are 11, then
consider the values that sum to give 18 , that is
1 + 9 + ? = 18
10 + ? = 18 ( subtract 10 from both sides )
? = 8
Then the third fraction is
Answer:
15
Step-by-step explanation:
To find the minimum amount of items, x, that need to be sold for the manufacturer to make a profit, we can use the quadratic formula
In context of the problem, we can only rely on the positive value, as the negative value would lead to a loss of profit.
Furthermore, we must round to the nearest whole number, as you cannot make part of an item.
Lastly, if you were to plug in 14 into the equation for Profit, you would still have a negative number (i.e. a negative profit), thus requiring the manufacturer to make no less than 15 items to make a profit: