Question

A termis supply store pays a wholesaler $40 for a tennis racquet and marks it up by 60%.
What do they charge for the tennis racquet?

Answer 1

Answer:

$64

Step-by-step explanation:

Since the store buys the racket for $40 then marks it up, the store is selling it for 160% of the wholesale price. X is the price we are looking for - the price after it was marked up.

40 / x = 100/160

(40/x) * x = (100/160) * x      

40 = 0.625 * x  

40/0.625 = x

64 = x

x = 64