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    UnigirlBelle's Avatar
    UnigirlBelle Posts: 59, Reputation: 1
    Junior Member
    		  
    #1

    Aug 21, 2010, 06:29 AM
    question on markups
    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's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
    Uber Member
    		  
    #2

    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's Avatar
    UnigirlBelle Posts: 59, Reputation: 1
    Junior Member
    		  
    #3

    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's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #4

    Aug 21, 2010, 11:40 AM

    Thank you. Yes, the calculations are good and I see nothing wrong with your answer. Well done! :)
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