A king rules a small mountain kingdom which is in the form of a square of length 4 kilometers. The square is described by the co
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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