Respuesta :

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Answer:

Retail price = $75

Step-by-step explanation:

1. State the given

The price of the vacuum cleaner's wholesale; $50.

The rate of mark up that the vacuum cleaner is sold at; 50%.

This means that the vacuum cleaner's sales price is 1.5 times the price of its wholesale.

2. Form am equation and solve

Use the equation:

wholesale_price * markup = retail_price

Now use the given information

50 * 1.5 = retail price

Solve

50 * 1.5 = 75

retail price = $75

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