The wholesale cost of the bike is 95.
Wholesale price is the price charged for a product as sold in bulk to large trade or distributor groups as opposed to what is charged to consumers.
The selling price is how much a buyer pays for a product or service.
The profit formula is used to calculate the amount of gain that has been made in a transaction
Profit = Selling Price (S.P.) - Cost Price (C.P.)(here it is the wholesale price)
Given =
Substituting it in the profit formula we get
0.3 x wholesale price = 123.50 + wholesale price
1.3 x wholesale price = 123.50
Wholesale price = = 95
Thus the wholesale cost of the bike is 95.
Learn more about profit here :
#SPJ4
Answer:
Step-by-step explanation:
Let's look at the first two, and hopefully you'll be able to figure the rest out:
1. Answer below
The problem asks us to solve for , so that means we need to get
on one side of the equation by itself. To do so, we will need to divide both sides of the equation by
:
2. Answer below
The problem asks us to solve for , so that means we need to get
on one side of the equation by itself. To do so, we will need to add
to both sides of equation:
