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)?
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.
Some info missing....how much $ did store pay at wholesale for said bike?
