the spoilage rate on a shipment of 100 pounds of banana is expected to be 10%. T

Algebra
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the spoilage rate on a shipment of 100 pounds of banana is expected to be 10%. They were purchased at a cost of $0.25 per pound.  What should the selling price per pound be to achieve a markup of 16% based on selling price?

Jun 13th, 2015

Thank you for the opportunity to help you with your question!

if 100%= $0.25

116%=?

=116*0.25/100

=$0.29 per pound

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 13th, 2015

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