SOLUTION: Retail prices in a department store are obtained by marking up the wholesale price by 40%. That is, retail price is obtained by adding 40% of the wholesale price to the wholesale p

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Question 123794: Retail prices in a department store are obtained by marking up the wholesale price by 40%. That is, retail price is obtained by adding 40% of the wholesale price to the wholesale price.
A. What is the retail price of a suit if the wholesale price is $300
B. What is the wholesale price of a pair of jeans if the retail price is $77
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
A) 300*1.4=$420 ANSWER.
B) 77/1.4=$55 ANSWER.