Question

The O! Natural Company sells a juice in 1 gallon bottles. The current retail price of the juice is $3.50 for 1 gallon. In order to remain competitive, the company will decrease the price to $3.20. 1. What percent of the original price are consumers going to pay? % 2. Suppose the company's cost per 1 gallon is $2.70. What is the markup if they sell each gallon at $3.20? What is the markup if they sell each gallon at $3.50? Round your answer to the nearest tenth, if necessary. The markup if they sell the juice at $3.20 is %. %. The markup if they sell the juice at $3.50 is 3:40 PM 10/28/2020 1 gi

Answer 1

original Juice price: $3.50

New price: $3.20

1.

Multiply the original price by the percentage in decimal form ( x) . That expression must be equal to the new price:

3.50 x = 3.20

Solve for x

x = 3.20/3.50

x= 0.91

Multiply by 100

0.91 x 100 = 91%

2.

Cost per gallon $2.70

MArkup if they sell each gallon at $3.20

3.20-2.70 = $0.5

Markup if they sell each gallon at $3.50:

3.50-2.70 = $0.8