Question

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The retail cost of a TV is 10% more than its wholesale cost. Therefore, the retail cost is
The retail cost is
times the wholesale cost.

Answer 1

1.1

Explanation:

You want the multiplier of the wholesale cost that makes the retail cost be 10% more.

Multiplier

The retail cost is said to be ...

retail cost = (wholesale cost) + 10% × (wholesale cost)

= (wholesale cost) × (1 +10%)

= (wholesale cost) × 1.10

The retail cost is 1.10 times the wholesale cost.