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 same

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 same

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Question 184096: 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 solver91311(24713) (Show Source): You can put this solution on YOUR website!

Let w be the wholesale price and M be the retail mark-up expressed as a decimal fraction.

The buying club sells for

The retail store sells for

It is less expensive to buy through the club if:

So:

Hence, if the retail store markup is greater than 20%, it is less expensive to buy from the wholesale buying club.

John

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