Posted by Jessica on Friday, December 10, 2010 at 12:15pm.
Every week, a grocery store buys 30 gallons of milk at a cost of $1.58 per gallon. The store owner anticipates a 15% spilage rate. To achieve a 20% markup based on cost, what should be the selling price per gallon? Round to nearest cent.

Business Math  Ms. Sue, Friday, December 10, 2010 at 12:21pm
1.58 * 1.15 = 1.817
1.817 * 1.2 = $2.18

Business Math  Jessica, Friday, December 10, 2010 at 12:26pm
what do u multiply 1.817*1.2?

Business Math  Jessica, Friday, December 10, 2010 at 12:29pm
$2.18 isnt a choice.
Choices are:
A) $1.66
B) $1.98
C) $2.23
D) $2.32

Business Math  linda, Tuesday, August 30, 2011 at 1:50pm
30 gals. with 15% spoilage=4.5 gals.profit(30x1.58)x1.2=56.88 gals.xpricexcost+20%56.88./.25.5gals.=markupfor remaining gals. no2.23 round 5gals.spoiled 56.88./.25=2.28 not it so round off 4gals. 56.88./.26=$2.1876 or $2.19
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