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November 24, 2014

November 24, 2014

Posted by **Liz** on Thursday, January 19, 2012 at 8:16pm.

Answer: $1.06 What is the formula? How to solve this?

- Math -
**Reiny**, Thursday, January 19, 2012 at 8:26pmcost to make the 200 muffins = 200(.69) =$ 138

so profit with 30% markup = 1.3(138) = $179.4

but they can only sell 85% of the muffins or

.85(200) = 170

so selling price of each of the 170 muffins

= 179.4/170 = 1.055

They should sell each muffin at $1.06

I really did not use a "formula" since there was no variable defined .

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