Question

A store used to sell an MP3 for $72which is 50% more than the wholesale cost. At a special holiday sale, the price of the MP3 was 20% less than the wholesale cost. What was the special sale price of the MP3?

Answer 1

Answer:

$115.2

Step-by-step explanation:

Step one:

Given data

A store used to sell an MP3 for $72 and we are told that this 50% of the wholesale price.

Therefore the wholesale price is

72*2= $144

Required:

The special sales cost at 20% discount

Step two:

We are told that the special sale is at a 20% discount on the wholesale

= 20/100*144

=0.2*144

=$28.8

Therefore the special sales price is

= 144-28.8

=$115.2