document.write( "Question 143168: Please help me answer this! it's very important! :]\r
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\n" ); document.write( "\n" ); document.write( "Andrea purchased a picture frame for $14.56. This price was a 30% markup from the wholesale cost. What was the wholesale cost? \n" ); document.write( "

Algebra.Com's Answer #104171 by zephyr(9) $\"\"$ $\"About$

You can put this solution on YOUR website!
If I read the question right. Then your work should look like this.
$\"14.56%2Fn=130%2F100\"$
14.56 = the markup.
n = the original price, and because this is a markup, n = 100%.
Since 14.56 markup, it's the original price (100%) + the markup percentage (30%) which equals 130%, so that means 14.56 is 130% of the original price.
Now we cross multiply to find N
(and since you're not supposed to multiply n in this type of equation, you multiply the 2 numbers that are diagonal to each other...in other words, you do this.)
$\"14.56%2A100=1456\"$
and you divide it by the remaining number. (which happens to be 130)
$\"1456%2F130=11.20\"$ Therefore, the Wholesale price was $11.20.
(I hope that wasn't too confusing. Hope it helped!)
(Note: in this type of equation, you will always have 100 on the bottom right. For example, if you were finding something that had a markdown, it would be
$\"n%2Foriginal+price=percentage+decreased%2F100\"$ Say, something that cost $10 was on sale, and you bought it at 1/2 price. That would be
$\"n%2F10=50%2F100\"$
then you would multiply 10 by 50 ( $\"10%2A50=500\"$ ) then you would divide by 100. ( $\"500%2F100=5\"$ ) and then $5 would be your answer) \n" ); document.write( "

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