Question

The bike store marks up the wholesale cost of all of the bikes they sell by 30%. Andre wants to buy a bike that has a price tag of $125. What was the wholesale cost of this bike? If the bike is discounted by 20%, how much will Andre pay (before tax)?

Answer 1

Answer:

$96.15

$100

Step-by-step explanation:

If the store puts 30% on the wholesale price, it means that everything is 30% more than its wholesale cost. If the bike is $125 we can calcualte the wholesale price by subtracting 30%. Let x be the wholesale price. We can write an expression relating the price after 30% on the wholesale price:

$125=x(1+0.3)$

Solve for x:

$x=125/1.3=96.15$

The whole sale price was $96.15

If the bike was discounted by 20%:

$=125-125×0.2=100$

Answer 2

Answer: The wholesale cost of this bike is $96.15.

Andre will pay after discount is $100.

Step-by-step explanation:

Since we have given that

Price tag of a bike that Andre wants to buy = $125

The bike store marks up the whole sale price of all the bikes by 30%

So, the wholesale cost of this bike ('x'say) will be given as

$\frac{100+30}{100}\times x=\ 125\\\\\frac{130}{100}\times x=\ 125\\\\x=\frac{100}{130}\times 125\\\\x=\ 96.15$

So, the wholesale cost of this bike is $96.15.

if the bike is discounted by 20%,

then Andre will pay is given by

$\frac{100-20}{100}\times 125\\\\=\frac{80}{100}\times 125\\\\=\frac{10000}{100}\\\\=\ 100$

So, Andre will pay after discount is $100.