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A bike store marks up the wholesale cost of all bikes they sell by 30%. Calvin wants to buy a bike that has a price tag of 123.50. What was the wholesale cost of this bike?
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42 votes
42 votes
A bike store marks up the wholesale cost of all bikes they sell by 30%. Calvin wants to buy a bike that has a price tag of 123.50. What was the wholesale cost of this bike?

User Akshay Chandran
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1 Answer

20 votes
20 votes
Answer:
$37.50

Explanation of answer:

You divide 30 by 100 and you will get 0.3 then you times 123.50 by 0.3 and you will get the answer
User Napo
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