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21 April, 03:17

Wong's Garage buys quarts of motor oil by the gross (144 units) for $0.75 per quart. When Wong's changes the oil in customers' cars, it marks up the oil 175% of the cost. What is the selling price of a quart of oil used in a standard oil change?

$16.50

$8.25

$1.31

$2.06

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Answers (1)
  1. 21 April, 03:29
    0
    Question says that Wong's Garage buys quarts of motor oil by the gross (144 units) for $0.75 per quart.

    That means cost of 1 quart motor oil = $0.75

    Now it says that Wong's changes the oil in customers' cars and marks up the oil 175% of the cost.

    So that means selling price of the 1 quart of the motor oil

    = 175% of original price

    = 175% of 0.75

    = 1.75 * 0.75

    = 1.3125

    Which is approx $1.31

    Hence final answer is $1.31
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