500 bags of onions were purchased at $2.53 per bag. The desired markup is 47% based on selling price, but 20% spoilage is expected. What should the selling price per bag be (in $ per bag)? (Round your answer to the nearest cent.)
Added by Victoria C.
Step 1
First, we need to find the total cost of the 500 bags of onions. To do this, we multiply the number of bags (500) by the cost per bag ($2.53): Total cost = 500 * $2.53 = $1265 Show more…
Show all steps
Close
Your feedback will help us improve your experience
Supreeta N and 64 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
900 bags of onions were purchased at $2.51 per bag the desired markup is 47% based on selling price but 20% spoilage is expected what should the selling price per bag be (in $ per bag ) round to the nearest cent.)
Darryl B.
Akash M.
'Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.65 each. If a spoilage rate of 5% is anticipated, at what price (in $) should the cakes be sold to achieve a 40% markup based on cost? (Round your answer to the nearest cent. per cheesecake'
Rylie H.
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD