Question

A store buys lawnmowers from the manufacturer and marks

up the price by 40% to arrive at a retail price. Fill in the

blank: The wholesale price is times the retail price.

Answer 1

Answer:

0.7142857

Step-by-step explanation:

Let wholesale price = x

Retail price = 40% Markup of wholesale price

Retail price = (100 + 40)% of x

Retail price = 140% of x

Retail price = 140/100 * x

Retail price = 1.4x

Hence,

Wholesale price / retail price

x / 1.4x

= 0.7142857

Hence, wholesale price is 0.7142857 of the retailer price