Assignment:
Business Markup policy. A clothing store sells a shirt costing $20 for $33 and a jacket costing $60 for $93.
(A) If the markup policy of the store is assumed to be linear, write an equation that expresses retail price R in terms of cost C (wholesale price).
(B) What does a store pay for a suit that retails for $240?
Provide complete and step by step solution for the question and show calculations and use formulas.