The bike store marks up the wholesale cost of all the bikes they sell by 30% andrew wants to buy a bike that has a price tag of $125 what was the wholesale cost of this bike before they marked it up?

Guest Mar 28, 2020

#1**+5 **

So the price of the bike is increased by 30%. If we assume the original price of the bike is b, 125= b+0.3*b = 1.3(b). We rearrange this, dividing 1.3 on both sides of the equation, and we get 125/1.3 = (roughly) 96.15$. Checking, we add (0.3)(96.15) = 28.85, 96.15+28.85 = 125$.

Reach out if you need any help.

hugomimihu Mar 28, 2020