The bike store marks up the wholesale cost of all the bikes they sell by 30%.
1. Andre wants to buy a bike that has the price tag of %125. What was the wholesale cost of this bike?
2. if the bike discounted by 20% how much will Andre pay before tax?
1. Let x be the wholesale cost of the bike. The store marks up the wholesale cost by 30%, so the retail price is 1.30x. Since the price tag on the bike is $125, we have:
1.30x = 125
x = 125 / 1.30
x = $96.15
Therefore, the wholesale cost of the bike was $96.15.
2. If the bike is discounted by 20%, Andre will pay 80% of the retail price.
Retail price after discount = 0.80 * $125 = $100
Therefore, Andre will pay $100 before tax.