Question

Andre wants to buy a bike that has a price tag of $125. What was the wholesale cost of this bike?

Answer 1

To find the wholesale cost of the bike, set up an equation that represents the original price. Solve for x to find the wholesale cost.

Step-by-step explanation:

To find the wholesale cost of the bike, we need to determine the original price before any retail markups. We can set up an equation to solve for x:

x + 25% of x = $125

25% can be written as 0.25, so we have x + 0.25x = $125. Combining like terms, we get 1.25x = $125. To isolate x, we divide both sides by 1.25: x = $125 ÷ 1.25 = $100.

Therefore, the wholesale cost of the bike was $100.

Answer 2

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 wholesale cost of this bike?

Answer:

$96.15

Step-by-step explanation:

Let x be the wholesale cost of the bike.

Given:

Price tag of a bike = $125.

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

So we can find the wholesale cost of the bike by the following way.

`(100+30)/(100)* x = 125`

`(130)/(100)* x = 125`

`x=(125* 100)/(130)`

`x=(12500)/(130)`

`x=(1250)/(13)`

`x=96.15`

Therefore, the wholesale cost of the bike is $96.15.