SOLUTION: You are a store owner. You are selling an item on the shelf for $84.34. Your mark up is 67%. You want to reduce the item back to the wholesale value without taking a loss. What is

SOLUTION: You are a store owner. You are selling an item on the shelf for $84.34. Your mark up is 67%. You want to reduce the item back to the wholesale value without taking a loss. What is

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Question 161924: You are a store owner. You are selling an item on the shelf for $84.34. Your mark up is 67%. You want to reduce the item back to the wholesale value without taking a loss. What is the wholesale price for the item?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
84.34=X+.67X
84.34=1.67X
X=84.34/1.67
X=$50.50 WAS THE WHOLESALE PRICE.
PROOF:
50.50*1.67=84.34
84.34=84.34
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