Question

Finish last two in homework

Answer 1

sellingAnswer:

16.4325

Step-by-step explanation:

We are told that the markup rate of the store is 5%, meaning that when it sells its product, it charges an additional extra 5% to the customers.

Now, we know the wholesale price of the wine is $15. 65, adding another 5% gives us the sell price

`price=5\%+\$15.65`

now 5% of 15.65 is

`15.65*(5)/(100)=0.7825`

therefore

`\begin{gathered} price=5\%+\$15.65 \\ price=0.7825+\$15.65 \end{gathered}`
`price=\$16.4325`

Hence, the shop charges $16.4325 for the wine bottle.