A certain retailer increases wholesale prices by 155%. If this retailer offers a 50% discount off the ticket price, what percent profit will the retialer realize? The realized profit is the amount of money remaining after paying off the wholesale prices. In this case, it should be expressed as a percent of the wholesale price. The following questions are to help you better understand the final solution. Let's assume the wholesale price for our item is $900.
Added by Destiny S.
Step 1
First, the retailer increases the wholesale price by 155%. This means the retailer adds 155% of $900 to the original price. 155% of $900 is $1395. So, the new price is $900 + $1395 = $2295. Show more…
Show all steps
Close
Your feedback will help us improve your experience
Breanna Ollech and 97 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A bicycle sells for a retail price of b dollars from an online store. The wholesale price of the bicycle is w. a. Express the markup algebraically. b. Express the percent increase of the markup algebraically.
Modeling a Business
Supply and Demand
A retailer pays $140 to a wholesaler for an article. The retail price is set using a 30% rate of markup on selling price. To increase traffic to his store, the retailer marks the article down 20% during a sale. What is the sale price? (Round your answer to the nearest whole number.)
Madhur L.
An article bought for $125 was sold %175. The percentage profit
Hast P.
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD