Problema Solution
Dylan's Bicycle Shop offers a new bicycle on sale for $259.92 after a 10% markdown. What was the cost of the bicycle to Dylan if the markup was 30% based on the cost?
Answer provided by our tutors
let x be the original price (cost)
0.90x = 259.92
by solving we find
x = $288.8
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if the markup was 30% based on the cost
1.30*288.8 = $357.44.
the cost of the bicycle was $357.44.