Question

An electrician purchases some outdoor lighting for a customer at a wholesale price of $950.40. The customer would

have paid the retail price of $1320. What was the wholesale discount?

(Type a whole number or an exact decimal of the decimal does not terminate round to one decimal place)

Answer 1

the wholesale discount is 28%.

Explanation:

To find the wholesale discount, we need to calculate the difference between the retail price and the wholesale price as a percentage of the retail price. We can use the following formula:

Wholesale discount = ((Retail price - Wholesale price) / Retail price) x 100%

Substituting the given values into the formula, we get:

Wholesale discount = ((1320 - 950.40) / 1320) x 100%

Wholesale discount = (369.60 / 1320) x 100%

Wholesale discount = 0.28 x 100%

Therefore, the wholesale discount is 28%.

To write the answer as a whole number or an exact decimal, we can multiply 0.28 by 100 to get:

Wholesale discount = 28%

So the wholesale discount is 28%.