exploring markups and markdowns\na retail grocer bought a case of 12 packages of coffee for $52.32.\nhow…

exploring markups and markdowns\na retail grocer bought a case of 12 packages of coffee for $52.32.\nhow much did the retailer pay for each package of coffee?\nthe retailer sold each package for $12.59.\nwhat is the difference between the retailer’s cost and the selling price for each package of coffee?

exploring markups and markdowns\na retail grocer bought a case of 12 packages of coffee for $52.32.\nhow much did the retailer pay for each package of coffee?\nthe retailer sold each package for $12.59.\nwhat is the difference between the retailer’s cost and the selling price for each package of coffee?

Answer

Answer:

  1. $4.36
  2. $8.23

Explanation:

Step1: Calculate cost per - package

$52.32\div12 = 4.36$

Step2: Calculate price difference

$12.59 - 4.36=8.23$