1. Clyde has the chance to buy a piece of old Pennsylvania Dutch pottery that he thinks he can resell for $500. If Clyde needs a 125% markup on cost, what price should he pay?

2. Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.

Question

Bruno Henry

Mathematics

18 November, 13:28

1. Clyde has the chance to buy a piece of old Pennsylvania Dutch pottery that he thinks he can resell for $500. If Clyde needs a 125% markup on cost, what price should he pay?

2. Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.

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Answers (1)

Know the Answer?

Quinton Hartman · Answer 1

1. cost + 1.25*cost = 500

2.25*cost = 500

cost = 500/2.25 = 222.22

Clyde should pay $222.22 or less for the pottery.

2. cost + 0.25*cost = $12.50

1.25*cost = $12.50

cost = $12.50/1.25 = $10.00

The cost to Orchard Supply of a bag of fertilizer is $10.00.

1. Clyde has the chance to buy a piece of old Pennsylvania Dutch pottery that he thinks he can resell for $500. If Clyde needs a 125% markup on cost, what price should he pay?2. Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.

1. Clyde has the chance to buy a piece of old Pennsylvania Dutch pottery that he thinks he can resell for $500. If Clyde needs a 125% markup on cost, what price should he pay?

2. Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.