SOLUTION: A retailer pays $90 to a wholesaler for an article. The retail price is set using a 60% rate of markup on selling price. To increase traffic to his store, the retailer marks the ar

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Question 1020100: A retailer pays $90 to a wholesaler for an article. The retail price is set using a 60% rate of markup on selling price. To increase traffic to his store, the retailer marks the article down 20% during a sale. What is the sale price?


plzz solve this
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
90 mark it up 60%:
90+(90*.6) = 144
Now he marks it down 20%:
144-(144*.2)= 115.20 is the sale price