a pizza restaurant sells containers of juice that it marks up 75 percent above its wholesale cost. if the…

a pizza restaurant sells containers of juice that it marks up 75 percent above its wholesale cost. if the restaurant marks up each container by $0.90, how much does the restaurant pay for each container of juice wholesale?\n$0.51\n$0.83\n$1.20\n$1.58

a pizza restaurant sells containers of juice that it marks up 75 percent above its wholesale cost. if the restaurant marks up each container by $0.90, how much does the restaurant pay for each container of juice wholesale?\n$0.51\n$0.83\n$1.20\n$1.58

Answer

Answer:

C. $1.20

Explanation:

Step1: Set up the equation

Let the wholesale cost be $x$. The markup is 75% of $x$, so the markup amount is $0.75x$. We know the markup amount is $0.90$, so $0.75x = 0.90$.

Step2: Solve for $x$

Divide both sides of the equation $0.75x = 0.90$ by 0.75: $x=\frac{0.90}{0.75}=1.20$.