A Large Supermarket Chain Purchases a Box of Cereal from a Food

question 211

Multiple Choice

A large supermarket chain purchases a box of cereal from a food wholesaler. If the supermarket chain uses a markup of 20 percent on its selling price of $2.85, what is the price the supermarket chain paid the food wholesaler?

• A) $2.12
• B) $2.28
• C) $2.45
• D) $2.55
• E) $2.67

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Definitions:

Quadratic Equation

A quadratic equation is represented as ax^2 + bx + c = 0, with a, b, and c being constant values and a not equal to zero.

Quadratic Formula

A formula used to find the solutions of a quadratic equation, given as \(x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a}\).

Quadratic Formula

A formula that provides the solutions to a quadratic equation in terms of its coefficients.

General Form

A way of expressing a mathematical equation or function in a standard or common manner, often incorporating several variables.