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.)
Added by Kevin M.
Step 1
Calculate the cost per bag after factoring in spoilage: 900 bags x 20% spoilage = 180 bags expected to spoil 900 bags - 180 bags = 720 bags expected to sell Cost per bag = $2.51 Total cost = 720 bags x $2.51 = $1,811.20 Cost per sellable bag = $1,811.20 / 720 bags Show more…
Show all steps
Close
Your feedback will help us improve your experience
Darryl Burns and 70 other Calculus 1 / AB 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
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.)
Supreeta N.
1.) The wholesale cost of a birdcage is $55. The original markup was 44% based on selling price. Find the final sale price (in $) after the following series of price changes: a markdown of 18% and a markup of 11%. (Round each intermediate selling price to the nearest cent.) 2.) 500 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 your answer to the nearest cent.)
Deepak K.
'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
Calculus: Early Transcendentals
Thomas Calculus
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD