Fast 50 points on the line!
b) using the formula from part a, calculate the retail price for each quantity range. (2 points)
quantity
0-20 pairs
21-40 pairs
41-60 pairs
61-80 pairs
81 or more
pairs
wholesale price
(per pair)
$25.00 each
$23.00 each
$21.00 each
$19.00 each
$17.00 each
retail price
(per pair)
step 4: solving simple interest problems that involve finding a total amount
a) the shoe store manager borrowed $17,000.00 from the bank to purchase 1000 pairs of shoes. the bank charges a simple interest rate of 5% per year on a loan to a business. if it takes 3 years to pay back the loan and interest, what is the total amount of interest that the shoe store will pay? (2 points)