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.
