SOLUTION: A grocery store buys 20 pounds of beef for $18.50 and marks it up 35%. What is the price for the customer?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A grocery store buys 20 pounds of beef for $18.50 and marks it up 35%. What is the price for the customer?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 389701: A grocery store buys 20 pounds of beef for $18.50 and marks it up 35%. What is the price for the customer?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi,         

20 pounds of beef purchursed for $18.50 wholesale marked up 35%

  18.50 + .35*18.50 = 18.50 +6.48 = 24.98/20lbs  

OR 1.25/lb would be the cost to the customer