document.write( "Question 9478: A stereo store marks up each item it sells 60% above wholesale price. What is the wholesale price on a cassete player that retails at $144 \n" ); document.write( "

Algebra.Com's Answer #5195 by rapaljer(4671) $\"\"$ $\"About$

You can put this solution on YOUR website!
I'm going to have to disagree on this one too!\r
\n" ); document.write( "\n" ); document.write( "Retail price = wholesale price + markup, where markup is .60* wholesale price
\n" ); document.write( "Retail = Wholesale + .6 wholesale = 1.6 wholesale\r
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\n" ); document.write( "\n" ); document.write( "Let x = wholesale price\r
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\n" ); document.write( "\n" ); document.write( "Equation is:
\n" ); document.write( "Retail = 1.6 wholesale
\n" ); document.write( "$ 144 = 1.6 x\r
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\n" ); document.write( "\n" ); document.write( "Divide both sides by 1.6,
\n" ); document.write( "x = $\"144%2F1.6\"$
\n" ); document.write( "x = $90 Wholesale price\r
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\n" ); document.write( "\n" ); document.write( "Check
\n" ); document.write( "Begin with $90, calculate the 60% markup, which is 90*.6 or $54.\r
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\n" ); document.write( "\n" ); document.write( "Total retail price = 90 + 54 = $144\r
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\n" ); document.write( "\n" ); document.write( "R^2 at SCC \n" ); document.write( "

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