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 wholesale cost of $96.15. How much will he pay for this bike?If the bike is then discounted by 20%, how much will Andre pay (before tax)?

Answer 1

(a)$124.99

(b)$99.99

Step-by-step explanation:

(a)Wholesale cost of the bike = $96.15

Since the store marks up the wholesale cost by 30%.

The amount he will pay for the bike

`\begin{gathered} =130\%\text{ of }$\$96.15$ \\ =(130)/(100)*96.15 \\ =1.3*96.15 \\ =\$124.99 \end{gathered}`

Andre will pay $124.99 for his bike.

(b)If the bike is then discounted by 20%

`\begin{gathered} \text{Sales Price=}(100-20)/(100)*124.99 \\ =(80)/(100)*124.99 \\ =0.8*124.99 \\ =\$99.99 \end{gathered}`

Andre will pay $99.99 before tax.