Question

The bike store marks up the wholesale cost of all of the bikes they sell by 30%.

1. Andre wants to buy a bike that has a price tag of $125. What was the wholesale cost of this bike?
2. If the bike is discounted by 20%, how much will Andre pay (before tax)?

Answer 1

1. The wholesale cost of the bike is $93.75.

2. Andre will pay $100 before tax.