The snack bar at the school purchased water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 percent, an amount of $0.28. What was the wholesale price of each water bottle?
Hi there Say that the price at the whole for a bottle is some x We know that the Snack Bar sold them at 33% profit which is in dollars $0.28 i.e 33% x=0.28 so now its a matter of finding what x is writing this in algebraic form 0.33x=0.28 divide both sides of the equation by 0.33 0.33x/0.33=0.28/0.33 Therefore x=0.85 roughly so the price per bottle at the whole sell is 85 cent the snack bar is selling it for 1.13 dollars assuming no tax applied
