Fair advertises bestsellers as "30% off retail." What is their markup on bestsellers, as a percentage of the wholesale price?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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(b) The New England Mobile Book Fair advertises bestsellers as "30% off retail." What is their markup on bestsellers, as a percentage of the wholesale price?

Expert Solution
Step 1

Introduction:

Multiply this fraction by 100 and add a percent sign to get the percentage. 

100 × denominator  numerator= percentage(%)

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