candy30ha candy30ha

30-06-2016
Mathematics

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a sofa sells for $520. if the retailer makes a 30% profit,what is the whole-sale price?

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Johhnyboii Johhnyboii

30-06-2016

If the retailer gets a markup on cost, then the sofa cost the retailer paid $400 for the sofa. That is, ($400/100) x 130 = $520. Or ($520/130) x 100 = $400.

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