Jamal sells sandwiches. He spends $2.70 per sandwich on ingredients and then adds 110% markup. What is the selling price of one sandwich?
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Markup refers to the amount added to the cost price to cover overheads and profit. So for example a 50% markup on a $10 product would mean adding 50% of $10 onto the sale price. As fractions can be written as decimals (50% = 0.5) and we are adding on the amount of markup to the initial cost we can also phrase this as 10 x 1.5 = 15
For your question the markup would become 1.1 and the initial cost is 2.7, remembering we must add 1 to the markup to cover the initial cost
2.7 x 2.1 = 5.67
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X^-m = 1/X^m
1/10^2 = 10^-2.
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Explanation:
To find the least number of party favors, we have to consider the number of guests.
In this case, there are two possibilities—6 or 8.
For 6: 6, 12, 18, 24 (Add 6 to each number)
For 8: 8, 16, 24 (Add 8 to each number)
Now in both series, the least number (that is in common) is 24. Hence, Madison should make at least 24 party favors.
6:6,12,18,24<--
8:8,16,24<--
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3x < 12
x < 4
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After applying the concept of percentage, the number 40 is approximately 17% of 235.29.
A figure or ratio that may be stated as a fraction of 100 is a percentage. If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion, therefore, refers to a component per hundred. Per 100 is what the word percent means.
Here we have to find the number which 17% is 40.
Assume the number we're looking for is 'x'.
Since 17 percent can also be written in decimal form as 0.17
Set up the equation:
0.17 x = 40
To isolate 'x', Divide both sides of the equation by 0.17:
x = 40 / 0.17
Simplifying the right side of the equation, we have:
x ≈ 235.29.
Hence,
40 is approximately 17 percent of 235.29.
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hope this helped
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Each person would owe $20,542.12.