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5. A greenhouse bought 200 small plants at $2 each. If 25 of the plants will...

5. A greenhouse bought 200 small plants at $2 each. If 25 of the plants will die before they can be sold, what price per plant will give the desired markup of 75% ofselling price

Math   Statistics-And-Probability   
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Answer #1

A greenhouse bought 200 small plants at $2 each.Total cost incurred on buying the plants = 200*2 = $400

The markup percentage formula can be expressed as:

Desired markup of 75% of selling price is to be obtained

So, total selling price is

Given, 25 of the plants will die before they can be sold, therefore only 175 plants can be sold

So, the selling price has to be obtained from these 175 plants only

Price per plant to give the desired markup of 75% of selling price =700/175 =4

*** A thumbs up would be appreciated***

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