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.
You might be interested in
Answer:
Mary is filling 36 cups per minute, which is faster than Jorge.
Step-by-step explanation:
Lets get Jorge's time :
As the rate is constant, we can find the slope to know the number of cups he is filling per minute.
Slope is found using:
=
=
From the table lets get Mary's time:
=
Another data:
=
Therefore, we can see that Mary is filling 36 cups in a minute and Jorge is filling 14 cups.
Hence, the correct answer is : Mary is filling 36 cups per minute, which is faster than Jorge.