SOLUTION: A stereo store marks up each item it sells 60% above wholesale price. What is the wholesale price on a cassette player that retails at $144?

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Question 938369: A stereo store marks up each item it sells 60% above wholesale price. What is the wholesale price on a cassette player that retails at $144?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
P wholesale price
1•P + .60P = $144
P(1+.60) = $144
P = 144/1.60 = $90