Word Problems

The whole sale price is $4,200 and the markup is 37%. Later the whole sale price is reduced by 23%.
If the markup remains 37% what is the new selling price?
First do you know the meaning of wholesale price,markup and selling price?

Wholesale price is amount the store pays the manufacturer for the product.
Markup is the amount the store adds to the wholesale price before they sell us the product.
Selling price is what we pay the store for the product - wholesale price + markup = selling price    return