percent increase = (new -original)/original
= (1200-550)/550
650/550
=1 100/550
1 2/11
1.181818
118.18 percent
to the nearest whole number
118 %
I do not understand the question being asked
Answer:C
Step-by-step explanation:
Answer: The wholesale cost of the bike = $100
Step-by-step explanation:
Let x = wholesale cost of the bike
As per given,
Selling price = cost price + (Mark up percent) x ( cost price) (i)
Selling price of bike = $160
Mark up percent = 60% =0.60
Substitute values in (i) , we get

Hence, the wholesale cost of the bike = $100