Question

~PLEASE HELP ASAP OFFERING 12 POINTS~
Mostly Kitchens pays $235.80 for a pallet load of paper towels. The pallet holds 36 cases with 12 rolls per case. Mostly Kitchens sells the paper towels for $10.99 a case. What is the markup per roll to the nearest cent? (Hint: Find the markup per case first.)

use the following equations to help you find your answer

Cost = Selling Price - Markup

Markup = Selling Price - Cost

Answer 1

If you do the problem according to the hint, you first fine the cost per case, which is

... ($235.80/pallet) · (1 pallet)/(36 cases) = $6.55/case

Then the markup per case is

... markup = selling price - cost

... markup = $10.99 - 6.55 = 4.44

Since there are 12 rolls per case, the markup per rool is 1/12 of this value:

... markup/roll = (markup/case) · (1 case)/(12 rolls) = $4.44/12 = $0.37