Question

A termis supply store pays a wholesaler $40 for a tennis racquet and marks it up by 60%.

What do they charge for the tennis racquet?

Answer 1

$64

Explanation:

Since the store buys the racket for $40 then marks it up, the store is selling it for 160% of the wholesale price. X is the price we are looking for - the price after it was marked up.

40 / x = 100/160

(40/x) * x = (100/160) * x

40 = 0.625 * x

40/0.625 = x

64 = x

x = 64