selling price for one pencil?

Question

Edna pays 16.78 for a pack of 96 new pencils and she adds a markup of 10 percent of the selling price when she sells them. What is the selling price for one pencil?

Answer 1

1.1($16.78)/96 pencils = $0.192/pencil 

 

To check:

 

$0.192/pencil(96 pencils)/1.1 = $16.76

$0.193/pencil(96 pencils)/1.1 = $16.84

 

Rounded up price = $0.20/pencil