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.)
Added by Cristian D.
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The retailer uses a 30% rate of markup on the selling price, which means the retail price is 130% of the cost price. So, the retail price = 140 * 130/100 = $182 Show more…
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