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Anastasy [175]
2 years ago
14

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

that Sue pays.
Mathematics
2 answers:
lakkis [162]2 years ago
5 0

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

x + 0.6x =2

1.6x =2

dividing both sides by 1.6

x= 1.25

So original price was 1.25 dollars.

sergeinik [125]2 years ago
4 0

Answer:

1.25 dollars.

Step-by-step explanation:

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