Math Problem Statement
Solution
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From what I can observe, the problem involves:
- A store selling tables and stools with given costs and markup policies.
- Writing an equation for the retail price in terms of the cost .
- Finding the retail price of a table and the cost of an item with a known retail price.
Let's break down the problem step by step and solve it:
Problem Summary:
- The store sells tables and stools.
- Tables cost between $150 and $200, and stools cost between $25 and $51.
- Markup policy:
- For items over $50, there's a specific markup formula.
Questions:
- Write an equation that expresses the retail price in terms of the cost .
- Find the retail price for a table that costs $157.
- Determine the cost of an item with a retail price of $193.50.
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Cost and Mark-up
Formulas
R = C + Markup (if C > $50)
Theorems
-
Suitable Grade Level
Grades 8-10
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