SOLUTION: Tony sells tomatoes, but he has to throw out two out of every ten tomatoes he buys because they spoil. Tony wants to make a markup on cost of twenty percent, and each tomato cost h

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Question 784924: Tony sells tomatoes, but he has to throw out two out of every ten tomatoes he buys because they spoil. Tony wants to make a markup on cost of twenty percent, and each tomato cost him two dollars. What price will Tony set for his tomatoes?
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
10 cost him $20. He must collect 20*1.2=$24 to make the desired profit.
24.00/8=$3.00 each. Price will Tony set for his tomatoes.
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Ed