SOLUTION: Fountain sodas that costs $0.20 per 8 fl. oz are markeup up 750% when sold. What is the amount of markup in dollars per 8 fl. oz soda?

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Question 1154949: Fountain sodas that costs $0.20 per 8 fl. oz are markeup up 750% when sold. What is the amount of markup in dollars per 8 fl. oz soda?
Found 3 solutions by josgarithmetic, greenestamps, MathTherapy:
Answer by josgarithmetic(39625) About Me  (Show Source):
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%28750%2F100%29%2A0.2

7.5%2A0.2
1.5----price after markup

Amount of markup: cross%281.5-0.2%29=cross%281.3%29

Answer by greenestamps(13203) About Me  (Show Source):
You can put this solution on YOUR website!


The answer from tutor @josgarithmetic is not right.

The amount of markup is 750% of the cost: %280.20%29%287.50%29+=+1.50

ANSWER: The AMOUNT OF MARKUP is $1.50 for each soda.

(The PRICE of the soda AFTER MARKUP is $0.20+$1.50 = $1.70)

Answer by MathTherapy(10555) About Me  (Show Source):
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Fountain sodas that costs $0.20 per 8 fl. oz are markeup up 750% when sold. What is the amount of markup in dollars per 8 fl. oz soda?
Correct answer: highlight_green%28matrix%281%2C4%2C+Amount%2C+of%2C+%22markup%3A%22%2C+%22%241.50%22%29%29