## Question

# A merchant obtains the retail price of an item by adding 20% to the wholesale price. Later, he has a sale and marks every

A merchant obtains the retail price of an item by adding 20% to the wholesale price. Later, he has a sale and marks every item down 20% from the retail price. Is the sale price the same as the wholesale price? (Hint: Consider a specific item whose wholesale price is $100.) The sale price the same as the wholesale price because the wholesale price is $ and the sale price is $. (Type an integer or a decimal.)

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### College Mathematics for Business Economics Life Sciences and Social Sciences

**Authors:** Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

12th edition

321614003, 978-0321614001

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