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Daily Math Challenge

📚 Money ⭐ Medium 🎓 Grade 3-5
A store marks up products by 40% from wholesale cost. If they pay $50 for an item, what is the retail price?
Answer
$70

📝 Step-by-Step Solution

1
Wholesale cost: $50
2
Markup: 40% of $50 = $20
3
Retail price: $50 + $20 = $70
💡 Helpful Hints
• Calculate 40% of the wholesale cost
• Add the markup to the original cost