Problema Solution
A retailer determines the retail price of a coat by first computing 175% of the wholesale price of the coat and then adding a markup of $6.00. What is the wholesale price of a coat that has a retail price of $137.25?
Answer provided by our tutors
Let
x = wholesale price
175% of the wholesale price + markup of $6.00 = retail price of $137.25
1.75*x + 6 = 137.25
x = $75
The wholesale price of a coat is $75.