SOLUTION: Paul�s Grocery received 1,000 pounds of onions at $0.11 per pound. On the average, 5% of the onions will spoil before selling. Find the selling price per pound to obtain a markup r

Question 944106: Paul�s Grocery received 1,000 pounds of onions at $0.11 per pound. On the average, 5% of the onions will spoil before selling. Find the selling price per pound to obtain a markup rate of 200% based on cost
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!
Cost was dollars.

The amount of onions which could be sold would be .

Revenue needs to be dollars.

Let p be the price to sell the 950 pounds of onions.

, this instead of 0.23, because would rather round upward than obtain less than the specified 200% mark-up. The computation showed as 0.23158, but we count dollar money to the nearest hundredth, the penny.
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