Percent is pars out of 100
40%=40/100=4/10=0.4
'of' means multiply
0.4 times something=56
divide both sides by 0.4
something=140
th enumber is 140
Answer is $31.25
Step by step
We know mark up is 112%
We know sell price (retail) after markup
We are looking for wholesale (original price)
So 112% of x = $35
1.12x = $35
Divide both sides by 1.12 to isolate x
X= 31.25
That is the answer , i looked it up for you my self :)