bill furrier marks up mink coats $3000. This represents 50% markup on cost. what is the cost of the coats?
1 answer:
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To find the better buy divide 4.50 by 5 to find the unit rate for the 5-pound bag, and compare that number to $0. 80 per pound.
The cost price per pound is the amount of money required to buy one pound of a brand or goods.
To find the cost price per pound, divide the total amount of cost of the goods to the total number of goods.
At one farmer’s market, bananas cost $0.80 per pound.
At another farmer’s market, bananas are sold in 5-pound bags for $4. 50 per bag. To compare it with first market price, divide the 5 pound bags with $4.50.
The cost of one bag in this market is,
As this cost is less, thus, the cost of this market for one banana is less than the first market and so this is the better buy.
Hence, to find the better buy divide 4.50 by 5 to find the unit rate for the 5-pound bag, and compare that number to $0. 80 per pound.
Learn more about the cost price per pound here;