Question

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

Answer 1

the wholesale cost of this bike is $96.15

Explanation:

2. If the bike is discounted by 20%, how much will Calvin pay (before tax)?

$100

Answer 2

96.15

Explanation:

The mark the bikes up 30 %

wholesale + wholesale * 30 percent = selling price

wholesale ( 1+ 30%) = selling price

wholesale (1.30) = 125

Divide by 1.30

wholesale = 125/1.30

wholesale =96.15384615

Rounding to the nearest cent

96.15