The snack bar at the school purchases water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 and one-third percent, an amount of $0.28. Percents Total 33 and one-third percent 33 and one-third percent 33 and one-third percent 100% $0.28 $0.28 $0.28 What was the wholesale price of each water bottle? $0.56 $0.84 $0.93 $1.12
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We know that the markup is 33 and one-third percent, which is equal to 33.33% or 1/3 as a fraction. Show more…
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