Question

the retail price of a TV is 20% more than its wholesale cost. Therefore the retail cost is what times the wholesale cost.

Answer 1

The retail cost is 1.20 times the wholesale cost.

Step-by-step explanation:

To find the retail cost in terms of the wholesale cost, you need to add 20% of the wholesale cost to the wholesale cost. This can be done using the formula:

Retail Cost = Wholesale Cost + 20% of Wholesale Cost

Let's say the wholesale cost is x. To find the retail cost, we substitute x in the formula:

Retail Cost = x + 0.20x

Combining like terms, we get:

Retail Cost = 1.20x

Therefore, the retail cost is 1.20 times the wholesale cost.