The bike store marks up the wholesale cost of all of the bikes they sell by 30%. Andre wants to buy a bike that has a price tag

Question

The bike store marks up the wholesale cost of all of the bikes they sell by 30%.

Andre wants to buy a bike that has a price tag of $125. The wholesale cost of this bike was $87.50.

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Amity 4 years 2021-09-03T19:10:33+00:00 2 Answers 65 views 0

Answers ( )

  1. Dau
    0
    2021-09-03T19:11:47+00:00
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    Answer:

    1. Andre wants to buy a bike that has a price tag of $125. What was the wholesale cost of this bike?    $ 96.15

    2. If the bike is discounted by 20%, how much will Andre pay (before tax)?  

                            $ 100

                                         I hope this helped <33 !

  2. thuhuong
    0
    2021-09-03T19:12:13+00:00
    Reply

    Answer:

    Suppose that the wholesale of a bike is A (A is the 100% in this case). If we have an increase of 30% for the sale price, we have the new price of:

    Price = A + (30%/100%)A = A + 0.3*A = (1.3)*A

    Then if we know that the price tag of the bike is $125, then we have:

    $125 = (1.3)*A

    $125/1.3 = A = $96.15

    The wholesale cost of the bike is $96.15

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