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

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

 Dec 9, 2020

Best Answer 

 #2
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If the wholesale price of the bike = P

Then the markup before sale        =1.30P

 

Bike sold at 20% discount =1.30P x 0.8 =1.04P - Or, 4% above wholesale price that Ande will pay.

 Dec 9, 2020
 #1
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Some info missing....how much $ did store  pay at wholesale for said bike?

 Dec 9, 2020
 #2
avatar
+1
Best Answer

If the wholesale price of the bike = P

Then the markup before sale        =1.30P

 

Bike sold at 20% discount =1.30P x 0.8 =1.04P - Or, 4% above wholesale price that Ande will pay.

Guest Dec 9, 2020

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