SOLUTION: I am stuck, I have searched up this question here but I don't get the answer. I have tried it a million times, and it is always wrong. Can someone help me solve this question?
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Question 1015561: I am stuck, I have searched up this question here but I don't get the answer. I have tried it a million times, and it is always wrong. Can someone help me solve this question?
A store gets a bucket of eggs for $16.20 and sells a dozen eggs for $3.50. If there are 450 eggs in the bucket, by what percent has the store increased the price per dozen eggs?
I have no clue what to do, and I don't get the answer provided. Found 2 solutions by macston, stanbon:Answer by macston(5194) (Show Source):
You can put this solution on YOUR website! .
The store pays $16.20 per bucket of 450 eggs.
The store pays $16.20 per 37.5 dozen eggs.(450 eggs=37.5 dozen)
The store pays ($16.20/37.5 doz)=$0.432/doz
The store charges ($3.50-0.432) $3.068 more per dozen than they paid.
($3.068/$0.432)(100%)=710%
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ANSWER: The eggs are marked up 710%.
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You can put this solution on YOUR website! A store gets a bucket of eggs for $16.20 and sells a dozen eggs for $3.50. If there are 450 eggs in the bucket, by what percent has the store increased the price per dozen eggs?
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# of dozen in 450:: 450/12 = 37.5
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Original cost per dozen:: 16.20/37.5 = $0.432 or 43.2 cents per dozen
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Increased cost per dozen when sold:: 3.50-0.432 = $3.068
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Ans: Percent increase of a dozen eggs:: $3.068/$0.432 = 7.10185 = 710.185%
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Cheers,
Stan H.
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