View Full Version : Question on markups
UnigirlBelle
Aug 21, 2010, 06:29 AM
Can someone tell me if this is correct?
TC=30 gallons x $1.58 = $47.40
TS=47.40 + .20 (47.40)
TS=47.40 + 9.48
TS=56.88
30gallons x .15=4.5
30 - 4.5 = 25.5
56.88/25.5 = $2.23
Unknown008
Aug 21, 2010, 09:38 AM
It would be good to know what's the question about and what it's asking too... don't you think? :rolleyes:
UnigirlBelle
Aug 21, 2010, 11:38 AM
Sorry, math frustrates me to no end. The question wants to know if a grocery store buys 30 gallons of milk at a cost of $1.58 per gallon. The owner anticipates a 15% spoilage rate. In order to achieve a 20% markup based on selling price, what should be the selling price per gallon, rounding to the nearest cent.
Unknown008
Aug 21, 2010, 11:40 AM
Thank you. Yes, the calculations are good and I see nothing wrong with your answer. Well done! :)