Asked by Tina
A grocery store buys 30 gallons of milk at a cost of $1.58 per gallon. The owner expects a 15% spoilage rate. To achieve a 20% markup based on cost, what should be the selling price per gallon? Round to the nearest cent/
Answers
Answered by
Henry
Cost = 30gal * 1.58/gal. = $47.40.
Income = 1.20 * 47.40 = $56.88 for 20%
markup.
Gal. for sale = 0.85 * 30 = 25.5 .
Selling price = $X/gal'
25.5gal * $X/gal = $56.88.
X = 56.88 / 25.5 = $2.23 = Selling price per gal.
Income = 1.20 * 47.40 = $56.88 for 20%
markup.
Gal. for sale = 0.85 * 30 = 25.5 .
Selling price = $X/gal'
25.5gal * $X/gal = $56.88.
X = 56.88 / 25.5 = $2.23 = Selling price per gal.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.