These are sample practice MCQs created for exam preparation. These are NOT official exam questions.
A store marks up the wholesale price of an item by 50% and then discounts the retail price by 20%. If the sale price is $48, what was the wholesale price?
Question:
A store marks up the wholesale price of an item by 50% and then discounts the retail price by 20%. If the sale price is $48, what was the wholesale price?
A store marks up the wholesale price of an item by 50% and then discounts the retail price by 20%. If the sale price is $48, what was the wholesale price?
Options
Answer: 40
Explanation:
Retail price = 1.5w. Sale price = 0.8 × 1.5w = 1.2w = 48 → w = 40.
Explanation:
Retail price = 1.5w. Sale price = 0.8 × 1.5w = 1.2w = 48 → w = 40.
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