Costco purchases a 24pack of bottled water from a wholesaler

Costco purchases a 24-pack of bottled water from a wholesaler for $4.80 and wants a markup of 20 percent. What is the price that Sam\'s Club charges its customers?

Solution

price that Sam\'s Club charges its customers                      6.00 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Unless otherwise stated, markup (percent) means percentage of selling price that is added to the cost to get the selling price Purchase Cost of 24-pack of bottled water                      4.80 Let selling price be x Markup = 20%*x= .20x x = 4.80 + .20x .80x = 4.80 x = 4.80/.80 = $6