The Retail Price of a Pair of Skis Consists of the Wholesale

question 347

Short Answer

The retail price of a pair of skis consists of the wholesale cost to the retailer plus the retailer's markup. If skis retailing for $712 are marked up by 60% of the wholesale cost, what is that wholesale cost?

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Definitions:

Adaptations

Modifications in structure, function, or behavior that make an organism better suited to its environment, enhancing its survival and reproduction.

Enlarged Leaf

A leaf that has grown larger than the typical size for the species, which can be a response to environmental factors or genetic mutations.

Prairie Dogs

Rodents of the genus Cynomys, known for their complex burrows and social structures; they play key ecological roles in North American grasslands.

Digestive Tracts

The series of hollow organs joined in a long, twisting tube from the mouth to the anus where digestion and nutrient absorption occur.