The retail cost is 1.55 times the wholesale cost.
What is an equation?
An equation is a mathematical statement with an 'equal to' symbol between two expressions that have equal values.
According to the question
The retail cost of a tv is 55% more than it’s wholesale cost.
Let x = retail price and y = wholesale price
We can write an equation that represents the statement
x = y + 0.55y
x = 1.55y
Now, we can translate this equation using words.
The retail cost is 1.55 times the wholesale cost.
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