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10 January, 16:29

A store marks up the wholesale price of a jacket of 130%. What is the retail price of the wholesale price is $48?

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  1. 10 January, 16:46
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    So first, you write out the equation for the first sentence. Let W represent the wholesale price and R represent the retail price.

    1.30W = R

    Now plug in the numbers given and you get

    1.30• (48) = R

    And solve, so

    R = 62.40
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