As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest cent and percents to the
nearest tenth of a percent.)
Speedy Supermarket
4/85 00
Belly Col
12 Pack
Bubbly-Cola Products
2 Liter Bubbly-Cola
Products
SALE
$13/3
(a) If 2 liter Bubbly-Cola products cost Speedy $15.30 per case of 24 bottles, what is the amount of the markup (in $) and what
is the percent markup on selling price per case?
amount of the markup
$
percent markup on selling price
percent markup on selling price
%
(b) If 12 pack Bubbly-Cola products have a markup of $8.55 per case of six 12 packs at Speedy, what are the cost (in $) and
the percent markup on selling price per case?
cost
$
%
(c) Why has Speedy Supermarket chosen to use markup based on selling price?
The markup based on selling price is greater than markup on cost.
O The markup based on selling price is easier to calculate than markup on cost.
Speedy permarket is a retail store and therefore uses markup based selling price.
O Speedy Supermarket can control how much they pay for items using markup based on selling price.
Speedy Supermarket is a manufacturer and therefore uses markup based on selling price.