Ask Question
19 June, 04:23

Fonterra charges a 40% markup on milk supplies for dairy stores. A grocery store charges a 25% markup on milk bought from Fonterra. How much, in percentage, has the original price been increased?

+3
Answers (1)
  1. 19 June, 04:28
    0
    It receives a markup for 75% above the original price.

    Explanation:

    From the dairy store we must multiply the fonterra markup and the grocery store markup as the grocery store do not know the dairy price It mperforms his markup from Fonterra's prices.

    dairy stores x (1 + 40% (1 + 25%) = final consumer selling price

    dairy stores x (1 + 75%) = final consumer selling price
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Fonterra charges a 40% markup on milk supplies for dairy stores. A grocery store charges a 25% markup on milk bought from Fonterra. How ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers