Question

A store used to sell an MP3 for $72which is 50% more than the wholesale cost. At a special holiday sale, the price of the MP3 was 20% less than the wholesale cost. What was the special sale price of the MP3?

Answer 1

To find the special sale price of the MP3, determine the wholesale cost and then apply the 20% discount.

Step-by-step explanation:

To find the special sale price of the MP3, we need to first determine the wholesale cost and then apply the 20% discount.

Let's assume the wholesale cost of the MP3 is represented by 'x' dollars. According to the information given, the original price of the MP3 is 50% more than the wholesale cost, which means the original price is 1.5 times the wholesale cost: 1.5x.

At the special holiday sale, the price of the MP3 was 20% less than the wholesale cost. To find the special sale price, we need to subtract 20% of the wholesale cost from the original price: 1.5x - 0.2x = 1.3x.

Therefore, the special sale price of the MP3 is 1.3 times the wholesale cost.