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Therefore, the wholesale price is _55/100=11/20=0.55____ times the retail price.
it seems that the wholesale prise is the half of the retail price

Let x be the retail price of the TV
55% of x is 0.55x
Wholesale price = x - 0.55x
Wholesale price = x(1 - 0.55)
= 0.45x
The wholesale price is 0.45 times the retail price.