Question

The O! Natural Company sells a juice in 1 gallon bottles. The current retail price of the juice is $2.70 for 1 gallon. What is the markup if they each gallon at $3.20?

Answer 1

The markup for each gallon of juice is $0.50.

Step-by-step explanation:

The markup is the difference between the selling price and the cost price of a product.

In this case, the cost price of the juice is $2.70 per gallon and the selling price is $3.20 per gallon.

To find the markup, subtract the cost price from the selling price: $3.20 - $2.70 = $0.50 per gallon.

Therefore, the markup for each gallon of juice is $0.50.