Question

A supermarket sells corn flakes for $3.60 per box. If the markup on the cereal is 30%, how much did the supermarket pay for each box?

I know the answer is 2, but can you show me how to get it. 40 Points!

Answer 1

See below.

Explanation:

So, here's how to break it down. Percentages can be turned into decimals, and vice versa, so we shall change 30% in 0.3. Next, we multiply 3.60 by 0.3. giving us 1.8. we subtract 1.8 from 3.6 and we are left with 1.8, which can be rounded up to two. I'm not sure where 2 came from other than estimation, but I did the math and got 1.8.