Question

A merchant increases the wholesale cost of a Maytag washing machine by 35% to determine the selling price. If the washer sells for $571.05, find the wholesale cost.

Answer 1

The wholesale cost $423

The merchant increases the wholesale cost by 35%

The washer sells it for $571.05

The wholesale cost can be calculated as follows

y + 35/100= 571.05

y + 0.35= 571.05

1.35y= 571.05

y= 571.05/1.35

y= 423

Hence the wholesale cost is $423

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