Question
A retailer pays $160 to a wholesaler for an article. The retail price is set using a 60% rate of markup on selling price. To
A retailer pays $160 to a wholesaler for an article. The retail price is set using a 60% rate of markup on selling price. To increase traffic to his store, the retailer marks the article down 30% during a sale. What is the sale price?(Round your answer to the nearest whole number.)
The Answer is not 179.20 or 179. I have already tried to plug that in and it keeps coming back wrong.
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Contemporary Marketing
Authors: Louis E Boone, David L Kurtz
14th Edition
032458203X, 978-0324582031
