Sue’s Corner Market has a markup of 60% on bottled water. If the market sells a bottle of water for $2, find the original amount
2 answers:
Markup is the amount added to the cost price of goods to cover overhead and profit.
Sue’s Corner Market has a markup of 60% on bottled water.
Let us say original price was $x.
Now price after markup is $2.
So we can make an equation like:
original price + markup price = price after markup
x + 60% of x =2
dividing both sides by 1.6
x= 1.25
So original price was 1.25 dollars.
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We have been given that red, green, and white jellybeans are combined in a ratio of 5:4:3 respectively. We are asked to find out the ratio of green jelly beans to the total number of jelly beans.
In order to find out the ratio of green jelly beans to the total number of jelly beans we have to find out the total number of jelly beans.
Now we can find out out our desirable ratio by substituting our finding in the ratio.
Therefore, ratio of green jelly beans with respect to all jelly beans is 1:3.