Question

A store marks up the wholesale price of a jacket of 130%. What is the retail price of the wholesale price is $48?

Answer 1

So first, you write out the equation for the first sentence. Let W represent the wholesale price and R represent the retail price.

1.30W = R

Now plug in the numbers given and you get

1.30•(48) = R

And solve, so

R = 62.40