Question

How much can the wholesaler afford to pay for a bicycle if the retailer is only willing to pay $120 for each bicycle and the

0 0
Add a comment Improve this question Transcribed image text
Answer #1

(Selling Price for wholesaler-Selling Price*Expense%-Cost)/Selling Price=Profit %
(120-120*15%-C)/120=15%
=>C=120-120*15%-120*15%
=>C=84

Add a comment
Know the answer?
Add Answer to:
How much can the wholesaler afford to pay for a bicycle if the retailer is only...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT