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A merchant increases the wholesale cost of a Maytag washing machine by 20% to determine the selling price. If the washer sells for $598.80, find the wholesale cost.

Answer 1

Answer: $499.00

Explanation:

Wholesale cost + (20% of Wholesale cost) = Selling price

--> 1.20 × Wholesale cost = Selling price

Let x represent the Wholesale cost

1.2x = 598.80

÷1.2 ÷ 1.2

x = 499.00