Fair advertises bestsellers as "30% off retail." What is their markup on bestsellers, as a percentage of the wholesale price?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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(b) The New England Mobile Book Fair advertises bestsellers as "30% off retail." What is their markup on bestsellers, as a percentage of the wholesale price?

Expert Solution
Step 1

Introduction:

Multiply this fraction by 100 and add a percent sign to get the percentage. 

100 × denominator  numerator= percentage(%)

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