Madicakes2010 Madicakes2010

17-04-2024
Mathematics

Answered

a retail price is $60 dollars and the percent markup is 60% what is the wholesale price

Answer :

17-04-2024

Answer:$37.50

Step-by-step explanation:

1.Given:

Retail Price = $60

Markup Percentage = 60%
2. Substitute the values into the formula:
Calculate the markup percentage in decimal form:

Markup precentage= 60/100=0.60
4. Calculate the wholesale price:
Wholesale price= 60/1+0.60
Wholesale price=60/1.60
Wholesale price=$37.50

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