Retail and wholesale prices. Retail prices in a department store are obtained by marking up the wholesale price by 40 % . That is, the retail price is obtained by adding 40 % of the wholesale price to the wholesale price. (A) What is the retail price of a suit if the wholesale price is $300? (B) What is the wholesale price of a pair of jeans if the retail price is $77?
Retail and wholesale prices. Retail prices in a department store are obtained by marking up the wholesale price by 40 % . That is, the retail price is obtained by adding 40 % of the wholesale price to the wholesale price. (A) What is the retail price of a suit if the wholesale price is $300? (B) What is the wholesale price of a pair of jeans if the retail price is $77?
Retail and wholesale prices. Retail prices in a department store are obtained by marking up the wholesale price by
40
%
.
That is, the retail price is obtained by adding
40
%
of the wholesale price to the wholesale price.
(A) What is the retail price of a suit if the wholesale price is
$300?
(B) What is the wholesale price of a pair of jeans if the retail price is
$77?
Elementary Statistics: Picturing the World (7th Edition)
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