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Question
James McDonnell purchases pounds of potatoes at a cost of per pound. If he anticipates a spoilage rate of of the potatoes and wishes to make a profit of of the cost, for how much must he sell the potatoes per pound?
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VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 6In this problem, we want to know the selling price per pound with the desired markup cost. Recall that we can get the Total Cost as:
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