document.write( "Question 182313: Every week, a grocery store buys 30 gallons of milk as a cost of $1.58 per gallon. The store owner anticipates a 15% spoilage rate. In order to achieve a 20% markup based on selling price, what should be the selling price per gallon rounded to the nearest cent? \n" ); document.write( "
Algebra.Com's Answer #136844 by Mathtut(3670)![]() ![]() ![]() You can put this solution on YOUR website! 30(.15)=4.5 gallons of spoilage \n" ); document.write( ": \n" ); document.write( "30-6=25.5....number of gallons that can be sold due to spoilage \n" ); document.write( ": \n" ); document.write( "cost is 30 * 1.58 = $47.4 \n" ); document.write( ": \n" ); document.write( "markup is 47.4+47.4(.2)=47.4+5.48= 52.88.....this is the markup amount at 20% markup \n" ); document.write( ": \n" ); document.write( "so now we need to divide the markup by the number of gallons we can sell to find out price per gallon \n" ); document.write( ": \n" ); document.write( "52.88/25.5=$2.07/gal \n" ); document.write( " |