document.write( "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 \n" ); document.write( "
Algebra.Com's Answer #575638 by josgarithmetic(39620)\"\" \"About 
You can put this solution on YOUR website!
Cost was \"1000%2A%280.11%29=110\" dollars.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "The amount of onions which could be sold would be \"%280.95%291000=950%2Apounds\".\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Revenue needs to be \"2%2A110=220\" dollars.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Let p be the price to sell the 950 pounds of onions.\r
\n" ); document.write( "\n" ); document.write( "\"highlight_green%28950%2Apounds%2Ap%2A%28dollars%2Fpound%29=220%2Adollars%29\"
\n" ); document.write( "\"950p=220\"
\n" ); document.write( "\"p=220%2F950\"
\n" ); document.write( "\"p=22%2F95\"
\n" ); document.write( "\"highlight%28p=0.24%29\", 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.
\n" ); document.write( "
\n" );