Question

The bike store marks up the wholesale cost of all of the bikes they sell by 30%. Andre wants to buy a bike that has a price tag of $125. What was the cost of this bike before the markup?

Answer 1

$96.15

Explanation:

Given data

markup = 30%

cost price= $125

let the cost price before markup be x

125-30/100*x= x

125-0.3x= x

125= x+0.3x

125= 1.3x

divide both sides by 1.3

x= 125/1.3

x= $96.15

Hence the price before markup is $96.15