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Fill in the blank in the following statement.

The wholesale price of a TV is 30% less than the retail price. Therefore, the wholesale price is ____ times the retail price.

(Type an integer or a decimal.)

Sagot :

GinnyAnswer
Let's denote the retail price by [tex]\( R \)[/tex].

We are told that the wholesale price is 30% less than the retail price. This means that the wholesale price is the retail price minus 30% of the retail price.

To find the wholesale price, we can perform the following steps:

1. Calculate 30% of the retail price:
[tex]\[ 0.30 \times R \][/tex]

2. Subtract this value from the retail price to get the wholesale price:
[tex]\[ R - (0.30 \times R) \][/tex]

3. Simplify the expression:
[tex]\[ R - 0.30R = 0.70R \][/tex]

Thus, the wholesale price is 0.70 times the retail price.

Filling in the blank:

The wholesale price of a TV is 30% less than the retail price. Therefore, the wholesale price is 0.70 times the retail price.

The wholesale price is 0.70 times the retail price.
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