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The bike store marks up the wholesale cost of all of the bikes they sell by 30%. Andre wants to buy a bike that has a wholesale cost of $96.15. How much will he pay for this bike?If the bike is then discounted by 20%, how much will Andre pay (before tax)?

Sagot :

Answer:

(a)$124.99

(b)$99.99

Explanation:

(a)Wholesale cost of the bike = $96.15

Since the store marks up the wholesale cost by 30%.

The amount he will pay for the bike

[tex]\begin{gathered} =130\%\text{ of }$\$96.15$ \\ =\frac{130}{100}\times96.15 \\ =1.3\times96.15 \\ =\$124.99 \end{gathered}[/tex]

Andre will pay $124.99 for his bike.

(b)If the bike is then discounted by 20%

[tex]\begin{gathered} \text{Sales Price=}\frac{100-20}{100}\times124.99 \\ =\frac{80}{100}\times124.99 \\ =0.8\times124.99 \\ =\$99.99 \end{gathered}[/tex]

Andre will pay $99.99 before tax.

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