The retail price of an item is $175. The store has a markup of 285%. What is the wholesale price?

Answer 1

The wholesale price would be the price before the markup of 285%.

Let x represent the wholesale price.

let 2.85 represent the markup amount.

x + 2.85x = 175

3.85x = 175

x = 45.454545...

the wholesale price would be $45.45.