(Solution Library) Retail prices in a department store are obtained by marking up the wholesale price by 20%. That is, retail price is obtained by adding 20% of


Question: Retail prices in a department store are obtained by marking up the wholesale price by 20%. That is, retail price is obtained by adding 20% of the wholesale price to the wholesale price.

  1. What is the retail price of a suit if the wholesale price is $300?
  2. What is the wholesale price of a pair of jeans if the retail price is $54?

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