Answered: As the manager of Speedy Supermarket, answer the following questions. a. 2-liter Bubbly-Cola products cost Speedy $16.80 per case of 26 bottles and they are…

Name: Solve the following word problem. Round percent to the nearest tenth o
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Description: Solve the following word problem. Round percent to the nearest tenth of a percent. As the manager of Speedy Supermarket, answer the following questions. a. 2-liter Bubbly-Cola products cost Speedy $16.80 per case of 26 bottles and they are sold at a

Advanced Engineering Mathematics

10th Edition

ISBN: 9780470458365

Author: Erwin Kreyszig

Publisher: Wiley, John & Sons, Incorporated

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Question

Solve the following word problem. Round percent to the nearest tenth of a percent.

As the manager of Speedy Supermarket, answer the following questions.

a. 2-liter Bubbly-Cola products cost Speedy $16.80 per case of 26 bottles and they are sold at a price of $11.00 for 4 bottles. What is the amount of the markup and the percent markup on selling price per case? Round dollars to the nearest cent. Do not enter the percent symbol in your answer.

Amount of markup: $
Percent markup based on selling price: %

b. 12-pack Bubbly-Cola products have a markup of $9.40 per case of six 12-packs at Speedy. They sell at a price of $12.00 for 3 of these 12-packs. What are the cost and the percent markup on selling price per case? Round dollars to the nearest cent. Do not enter the percent symbol in your answer.

Cost: $
Percent markup on selling price per case: %

c. Fill in the blank by entering the correct option: Speedy Supermarket has chosen markup based on selling price because it is a -Select- wholesale or retail store

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