you perchase a case containing 24 canisters of tennis balls for $ 60.

Question

You in turn charge $ 4 for each canister. How much is the price of each case of tennis balls marked up?

Answer 1

 

First determine what was paid for each canister.

 

$60 ÷ 24 = $2.50

 

You paid $2.50 per canister.

 

You charge $4 per canister when selling them

 

4 - 2.50 = 1.50

 

The mark up is $1.50