Question

a computer appliance dealer bought a computer at a wholesale price of $500 and then sold it at a 20 percent discount off the suggested retail price. if the dealer made a 12 percent profit on the wholesale price, what was the suggested retail price of the computer?

Answer 1

$700

Explanation:

Store bought computer for $500.

Suggested retail price is 500x.

Store sold it for 0.8(500x).

Store sold it for 1.12(500).

0.8(500x) = 1.12(500)

0.8x = 560

x = 560/8

x = 1.4

Suggested retail price is 500x = 500(1.4) = 700

Answer: $700