Story problem

Question

A manufacturer of tools selling rechargeable drills to a chain of home improvement stores charges $4 more per drill than its manufacturing cost, m. The chain then sells each drill for 170% of the price that it paid the manufacturer.. Find a function P(m) for the price at the home improvement stores.
Please explain how to solve. Thanks!

Answer 1

Hi Nick,

Manufacturer's price per drill = manufacturing cost + $4 = m +4

Store price per drill, P(m) = 170% manufacturer's price =1.7(m+4)

P(m) = 1.70 m + 6.80