CB clothing ordered sweaters at a wholesale cost of $20 each. The store marked up the price by 50% above the wholesale cost to use as their selling price. After every month that the sweater didn't sell, the store reduced the selling price by 20% . After how many monthly price reductions did the price dip below the wholesale cost?

2 months

Step-by-step explanation:

Consider, we told that the store marked up the price by 50% above the wholesale cost to use as their selling price, meaning, CB clothing's initial selling price is $30.

Thus, if after every month that the sweater didn't sell, the store reduced the selling price by 20% of the initial selling price of $30, which means there will be a $6 deduction from the initial price (20% * $30).

So, for