SOLUTION: You belong to a wholesale buying club. You can order items from the club with a markup of 8% over the wholesale price. A local retail store, which gets its merchandise at the sa

Question 153118:
You belong to a wholesale buying club. You can order items from the club with a markup of 8% over the wholesale price. A local retail store, which gets its merchandise at the same wholesale price, offers to sell you those same items at 10% off the shelf price. What does the retail store�s markup have to be for it to be cheaper for you to buy through your club? Show your work and explain your thinking.
Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
Let w be the wholesale price. Let r be the retail shelf price
clubPrice = w * 1.08 (8% markup)
storePrice = 0.9 r (10% off, or 90% of the retail shelf price)
Find the r where the club price is equal to the discounted store price

So r is 120% of w. Which means the store markup must be 20% or more for the club price to be a better deal than the discounted store offer.
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