300 pounds of oranges were purchased at $0.24 per pound. The desired markup is 50% based on selling price, but 21% spoilage is expected. What should the selling price per pound be? (Round your answer to the nearest cent)

Answer 1

cost is 300*.24 = 72.00
desired end revenue is 72*2 = 144.00
But only 79% = 237 lbs get sold

$144/237lb = .6076 = $0.61/lb