Writing equation that expresses retail price


Assignment:

Business Markup policy. A drugstore sells a drug costing $85 for $112 and a drug costing $175 for $238.

(A) If the markup policy of the drugstore 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 (to the nearest dollar) for a drug that retails for $185?

Provide complete and step by step solution for the question and show calculations and use formulas.

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Microeconomics: Writing equation that expresses retail price
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