You are a department manager for Dillon's. Your policy is to mark up the merchandise you sell in your department by 27%. The newest string cheese that you have gotten in has a cost of $3.00 a package. What price will you sell this package for?

[hint: what is mark up rate? (1+rate) x regular price = new price

Question

Mathematics

Peyton Pollard

11 March, 01:29

You are a department manager for Dillon's. Your policy is to mark up the merchandise you sell in your department by 27%. The newest string cheese that you have gotten in has a cost of $3.00 a package. What price will you sell this package for?

[hint: what is mark up rate? (1+rate) x regular price = new price

+2

Answers (1)

Know the Answer?

Bryant Fleming · Answer 1

Step-by-step explanation:

Mark up rate = 27%

Purchase price = $ 3.00

New price = Purchase price + Mark up price

Markup price = 27/100 (3.00) = 0.81

New Price = $3.00 + $0.81 = 3.81

Selling Price = $3.81