Question

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

Answer 1

• $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