SOLUTION: a manufacturer of exercise equipment uses a a markup rate of 45%. one of the manufacturer's treadmills has a selling price of $580. find the cost of the treadmill

Algebra ->  Problems-with-consecutive-odd-even-integers -> SOLUTION: a manufacturer of exercise equipment uses a a markup rate of 45%. one of the manufacturer's treadmills has a selling price of $580. find the cost of the treadmill      Log On

Hi, 

let x represent the wholesale cost of the treadmill

x + .45x = $580

1.45x = $580

x = $400 is the wholesale cost of the treadmill