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34kurt
3 years ago
13

For your sports equipment store, you purchase a case containing 24 canisters of tennis balls for $60. You in turn charge $4 for

each canister. How much is the price of each case of tennis balls marked up?
Mathematics
1 answer:
Montano1993 [528]3 years ago
7 0

Answer:

60%

Step-by-step explanation:

Given data

we are told that 24 canisters cost  $60

hence the cost per canister = 60/24= $2.5

The selling price per canister=  $4

%mark up = selling price-cost price/cost price *100

Substitute

%mark up = 4-2.5/2.5 *100

%mark up = 1.5 /2.5 *100

%mark up = 0.6 *100

%mark up = 60%

Hence the percent mark up is 60%

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Plug in x into the second equation.

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