A store marks up a picture frame 70% from its wholesale price. In a clearance sale, the price is discounted by 40%. The sale price is $28.56. What was the wholesale price of the picture frame?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter12: Angle Relationships And Transformations
Section: Chapter Questions
Problem 77CUR
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A store marks up a picture frame 70% from its wholesale price. In a clearance sale, the price is discounted by 40%. The sale price is $28.56. What was the wholesale price of the picture frame?

Expert Solution
Step 1

Let the wholesale price of the picture frame is P

and, Marked price if the picture frame is Pm

Then

Pm=P+70100PPm=1.70P

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