A store prices tapes by raising the wholesale price 40% and adding 35 cents. What must a tapes wholesale price be if the tape sells for 1.99

Question

What is the tapes price. 

Answer 1

Hi Gabrielle, let x represent the wholesale price of the tape. Then we can use the equation:

 

x + .4x + .35 = 1.99, to find the value of x.

 

1.4x +.35 = 1.99

 

Subtract .35 from both sides:

 

1.4x = 1.64

 

Divide by 1.4:

 

x = 1.17

 

Note: This value has been rounded to 1.17 from 1.171

 

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