The snack bar at the school purchased water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 percent, an amount of $0.28. What was the wholesale price of each water bottle?

Question

Mathematics

Ian Mcmahon

19 February, 06:49

The snack bar at the school purchased water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 percent, an amount of $0.28. What was the wholesale price of each water bottle?

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Answers (1)

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Alexandria Barr · Answer 1

Hi there

Say that the price at the whole for a bottle is some x

We know that the Snack Bar sold them at 33% profit which is in dollars $0.28

i. e 33% x=0.28

so now its a matter of finding what x is

writing this in algebraic form

0.33x=0.28

divide both sides of the equation by 0.33

0.33x/0.33=0.28/0.33

Therefore x=0.85 roughly

so the price per bottle at the whole sell is 85 cent

the snack bar is selling it for 1.13 dollars

assuming no tax applied