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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