Answer :
Let's denote the retail price by [tex]\( R \)[/tex].
We are told that the wholesale price is 30% less than the retail price. This means that the wholesale price is the retail price minus 30% of the retail price.
To find the wholesale price, we can perform the following steps:
1. Calculate 30% of the retail price:
[tex]\[ 0.30 \times R \][/tex]
2. Subtract this value from the retail price to get the wholesale price:
[tex]\[ R - (0.30 \times R) \][/tex]
3. Simplify the expression:
[tex]\[ R - 0.30R = 0.70R \][/tex]
Thus, the wholesale price is 0.70 times the retail price.
Filling in the blank:
The wholesale price of a TV is 30% less than the retail price. Therefore, the wholesale price is 0.70 times the retail price.
The wholesale price is 0.70 times the retail price.
We are told that the wholesale price is 30% less than the retail price. This means that the wholesale price is the retail price minus 30% of the retail price.
To find the wholesale price, we can perform the following steps:
1. Calculate 30% of the retail price:
[tex]\[ 0.30 \times R \][/tex]
2. Subtract this value from the retail price to get the wholesale price:
[tex]\[ R - (0.30 \times R) \][/tex]
3. Simplify the expression:
[tex]\[ R - 0.30R = 0.70R \][/tex]
Thus, the wholesale price is 0.70 times the retail price.
Filling in the blank:
The wholesale price of a TV is 30% less than the retail price. Therefore, the wholesale price is 0.70 times the retail price.
The wholesale price is 0.70 times the retail price.
