23. SELLING BANANAS The produce manager at Tom Thumb Market anticipates that 10% of the bananas purchased will spoil and will have to be thrown out. If she buys 500 pounds of bananas for S.56 per pound and wants a markup of 45% on the selling price, find the selling price per pound of bananas.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
We have to find the selling price per pound of the bananas that is required to achieve a markup of , you first need to find the cost.
To find the cost use following formula
Hence,
Therefore,
Next, you need to find the equivalent percentage markup on cost to the given markup on selling price. Use the formula for the conversion.
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