Question 674051: The candy shack sells their candy for $0.60 each. To make their profit,they increased their price by 25%. What was the whole sale price of each candy bar before the markup? (Please solve in percent decrease formula if possible, i got 75 cents but im not sure i was absent yesterday and this is my make up work)please explain PLEASE!!!!!!!
Answer by ankor@dixie-net.com(22740)   (Show Source):
You can put this solution on YOUR website! The candy shack sells their candy for $0.60 each.
To make their profit, they increased their price by 25%.
What was the wholesale price of each candy bar before the markup?
:
Let p = price before mark-up
:
price + mark-up = $.60
p + .25p = .60
1.25p = .60
p = .60/1.25
p = $.48 is the wholesale price
:
:
YOu can check this for yourself. .25(.48) = .12, and .12 + .48 = .60
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