Part A:
Given that <span>the mattress is sold for 50% off of the retail price, let the retail price of the mattress be x, then
50% of x = 1200
⇒ 0.5x = 1200
⇒ x = 1200 / 0.5 = 2400
Therefore, </span><span>the retail price of the mattress, before the discount is $2,400.
Part B:
Given that </span><span>the store marks up the retail price to 150% of the wholesale price. Let the whole sale price be p, then
(100% + 150%) of p = 2400
250% of p = 2400
2.5p = 2400
p = 2400 / 2.5 = 960.
Therefore, </span><span>the wholesale price, before the markup was $960</span>
This sequence is geometric, with a common ratio of -5. This ratio can be found be dividing any of the terms by the previous term (ex. 125 / -25 = -5).
Hope this helps
