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A store sells USB flash drives for 25$ each. The mark up fo each USB flash drive is 25%. How much did the stor pay for 50 memory cards
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A store sells USB flash drives for 25$ each. The mark up fo each USB flash drive is 25%. How much did the stor pay for 50 memory cards

User Matt Sugden
by
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1 Answer

5 votes

Answer:

  • $1000

Explanation:

Given

  • SP = $25
  • SP = CP + 25% = 1.25CP

Find cost price for each memory card

  • 25 = 1.25CP
  • CP = 25/1.25
  • CP = 20

The store paid for 50 memory cards

  • $20*50 = $1000
User Aron Griffis
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8.1k points
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