Question

A bird food company sells its box of birdseed to the pet shop for $1.89. The pet store uses a 55% markup. What is the pet store price for the box of birdseed?

Answer 1

To calculate the pet store price for the box of birdseed, apply the 55% markup to the wholesale price. The pet store price is $2.93.

Step-by-step explanation:

To calculate the pet store price for the box of birdseed, we need to apply the 55% markup to the wholesale price.

First, we find the 55% markup on the wholesale price:

55% of $1.89 = $1.89 x 0.55 = $1.0395

Next, we add the markup to the wholesale price:

Pet store price = Wholesale price + Markup

Pet store price = $1.89 + $1.0395 = $2.9295

The pet store price for the box of birdseed is $2.93 (rounded to the nearest cent).