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Solve the following word problems below

1. a pack of 12 eggs costs Php 80. If each egg is being sold for php 7, how much is the initial markup on each egg?

step by step explanation please​​

Sagot :

Mikhaela03viz

Answer:

initial markup = selling price - cost price

80/12 = 6.67

then

IM = 7 - 6.67

IM = 0.33

or

12× 7 = 84

then

84 - 80 = 4

but we are looking for the mark up for each egg so we divide 4 by 12

4/12 = 0.33

the answer is the same

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