Bunny R.

asked • 09/09/16

Urgent ! Please help me with this word problem

The manager of one theatre marks up the cost of chocolate covered raisins by one eighth of the cost of raisins. Find the cost to the nearest cent if the theatre sells a box of raisins for ?$2.20. ?(Hint: Selling price is cost plus? markup.)

1 Expert Answer

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Mark M. answered • 09/09/16

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2.20 = 1c + 0.125c
2.20 = 1.125c
 
Can you solve for "c"?
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Bunny R.

Yes ! And what about this one ? Last? year, the expenses at? Mack's Pizzeria were seven eighths of the total revenue and the remainder was profit. The? profit, or the total revenue less? expenses, was ?$92,800. Find the total revenue.
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09/09/16

Mark M.

If the expenses were seven-eights, then the profit was one-eighth.
92,800 = 0.125r
 
OK?
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09/09/16

Bunny R.

Okay thanks ! The problem is I was dividing for both questions
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09/09/16

Mark M.

Welcome!
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09/09/16

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