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PS wholesale cost

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Junior | Next Rank: 30 Posts
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by andreasonlinegr » Thu Jan 01, 2009 6:14 pm
From the sale of sleeping bags, a retailer made a gross profit of 12 percent of the wholesale cost. if each sleeping bag was sold for 28$, what was the wholesale cost per bag?

Answer:$25
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Re: PS wholesale cost

by logitech » Thu Jan 01, 2009 6:57 pm
andreasonlinegr wrote:From the sale of sleeping bags, a retailer made a gross profit of 12 percent of the wholesale cost. if each sleeping bag was sold for 28$, what was the wholesale cost per bag?

Answer:$25
12% profit + 100% cost = 112%

So if 112% is $28, 100%, which is cost = $ 25

28/1.12 = 25
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