SOLUTION: Prestige Produce purchases 460 pounds of sweet potatoes at $0.76 per pound. If a 10% spoilage rate is anticipated, at what price per pound should the sweet potatoes be sold to achi
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Question 957513: Prestige Produce purchases 460 pounds of sweet potatoes at $0.76 per pound. If a 10% spoilage rate is anticipated, at what price per pound should the sweet potatoes be sold to achieve a 35% markup based on selling price? Found 2 solutions by josgarithmetic, MathTherapy:Answer by josgarithmetic(39617) (Show Source):
The desired markup is to be able to sell all the available potatos for , or ....not the best understanding.
Selling price must be more than .
Selling price wanted is for a 35% markup: , the selling price wanted, to get 35% markup on the available potatos to be sold.
You can put this solution on YOUR website! Prestige Produce purchases 460 pounds of sweet potatoes at $0.76 per pound. If a 10% spoilage rate is anticipated, at what price per pound should the sweet potatoes be sold to achieve a 35% markup based on selling price?
To obtain a 35% markup on cost, price should be: per lb
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