A grocery store purchases bags of coffee beans from a supplier at a wholesale cost of per bag. The store applies a markup to the wholesale cost to determine the retail price. What is the retail price of one bag of coffee beans?
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Cevap
The retail price of one bag of coffee beans is .
To find the retail price, first determine the markup amount by calculating of . Since is equivalent to the fraction or the decimal , multiplying equals . Add this markup to the original wholesale cost to get the final retail price of .
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Anahtar Kavram
Calculating a markup by finding a percentage of a base value and adding it to the original amount.
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