A retail jeweler sells a pair of gold earrings for $213.90. The jeweler uses a 130% markup
based on cost. Based on this information, what was the wholesale cost of the earrings?
A. $93.00 C. $276.90
B. $164.53 D. $278.07
213.90 divided by 130%=164.53
B
Right.
It would def be D
To find the wholesale cost of the earrings, you need to divide the selling price by the markup percentage. In this case, the retail price is $213.90 and the markup percentage is 130%.
You can calculate the wholesale cost by dividing $213.90 by 130% or 1.3.
Wholesale cost = $213.90 / 1.3 = $164.53
Therefore, the wholesale cost of the earrings is $164.53.