The Spoilage Rate on a Shipment of 100 Pounds of Bananas

question 29

Multiple Choice

The spoilage rate on a shipment of 100 pounds of bananas is expected to be 20%. They were purchased at a cost of $0.23 per pound. What should the selling price per pound be to achieve a markup of 16% based on selling price? (Round answer to the nearest cent)

• A) $0.34
• B) $0.39
• C) $0.24
• D) $0.30

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