Assignment:
Retail and wholesale prices. Retail prices in a department store are obtained by marking up the wholesale price by 40%. That is, retail price is obtained by adding 40% of the wholesale price to the wholesale price.
(A) What is the retail price of a suit if the wholesale price is $300?
(B) What is the wholesale price of a pair of jeans if the retail price is $77?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.