The wholesale price of a flower arrangement was $60 and the flowers were marked up 30%. Therefore, it's retail price is $78.
The most common retail price formula is the single-factor cost-plus model, which involves estimating your cost of goods and adding that to your target markup.
Wholesale price of a flower arrangement = $60
Flowers were marked 30% above the wholesale price.
Retail price = wholesale price + 30% of wholesale price
[tex]= 60 + \frac{30}{100}*60\\ \\= 60 + 18 \\\\= 78[/tex]
Learn more about retail price here
https://brainly.com/question/12929999
#SPJ2
