Question

Find the selling price if a store pays $2.00 for a gallon of milk and the markup is 40%.

Answer 1

$2.80

Explanation:

Answer 2

$2.80

Explanation:

We are asked to find the selling price of one gallon milk for which the store pays $2.00 and mark up is 40%.

We know that selling price of an item equals cost of item plus mark up.

The selling price of each gallon of milk would be $2.00 plus 40% of $2.00.

`\text{Selling price of each gallon of milk}=\$2.00+(40)/(100)* \$2.00`

`\text{Selling price of each gallon of milk}=\$2.00+0.40* \$2.00`

`\text{Selling price of each gallon of milk}=\$2.00+\$0.80`

`\text{Selling price of each gallon of milk}=\$2.80`

Therefore, the selling price of each gallon of milk is $2.80.