A retailer bought a hat at wholesale and marked it up 60% to its initial price of $24.

General Calculator / Auto Solver

A retailer bought a hat at wholesale and marked it up % to its initial price of $ . By how many more dollars does he need to increase the price to achieve a % markup?

Solve

Calculated Answer

6

Step by Step Solution

In order to solve problem, you must evaluate n₁ / ((n₀ + n₂) / n₂) * 2 - n₁.

• n₁ / ((n₀ + n₂) / n₂) * 2 - n₁

• Evaluate n₀ + n₂ = 160

  n₁ / (160 / n₂) * 2 - n₁

• Evaluate 160 / n₂ = 1.6

  n₁ / 1.6 * 2 - n₁

• Evaluate n₁ / 1.6 = 15

  15 * 2 - n₁

• Evaluate 15 * 2 = 30

  30 - n₁

• Evaluate 30 - n₁ = 6

  6
• The answer to the problem and the result of n₁ / ((n₀ + n₂) / n₂) * 2 - n₁ is 6