Question

Munsons sporting goods purchases bowling balls from the manufacture for a whole sale price of $65 each.The retail price of the bowling balls reflect a 60% increase over the whole sale price. What is the retail price of a bowling ball?

Answer 1

Some price
`p` was increased by 60% to get $65.

So we get

`p+p*(60)/(100)=65`
⇒
`1.6p=65`
⇒
`p=40.625`

which rounds to $40.63 as the retail price.