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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?

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 Mar 28, 2020
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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$. Checking, we add (0.3)(96.15) = 28.85, 96.15+28.85 = 125$.

 

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 Mar 28, 2020

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