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Vitek1552 [10]
3 years ago
15

A markup of 33% based on cost is desired for a load of 800 bushels of peanuts. They were purchased at $5.85 per bushel. What sho

uld the selling price per bushel be after adjusting for an anticipated 21% spoilage rate? (Round answer to the nearest cent) a. $10.56 b. $7.78 c. $9.85 d. $3.91
Mathematics
1 answer:
Alenkasestr [34]3 years ago
4 0

Answer: Option 'c' is correct.

Step-by-step explanation:

Since we have given that

Number of bushels of peanuts = 800

Price of each bushels of peanuts = $5.85

And there is mark up rate = 33%

So, Total price would be

1.33\times 800\times 5.85\\\\=\$6224.4

If there is spoilage rate = 21%

So, the remaining rate would be 1-0.21=0.79

so, Number of remaining bushels of peanuts would be

0.79\times 800\\\\=632

So, Selling price per bushel would be

\dfrac{622.4}{632}\\\\=\$9.85

Hence, Option 'c' is correct.

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In the picture attached, the problem is shown.

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