SOLUTION: a manufacturer of exercise equipment uses a a markup rate of 45%. one of the manufacturer's treadmills has a selling price of $580. find the cost of the treadmill

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Question 360943: a manufacturer of exercise equipment uses a a markup rate of 45%. one of the manufacturer's treadmills has a selling price of $580. find the cost of the treadmill
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi,
let x represent the wholesale cost of the treadmill
x + .45x = $580
1.45x = $580
x = $400 is the wholesale cost of the treadmill
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