e Practice

$8\mathrm{.}2$ Cost$-$Plus and Variable$-$Cost Pricing

Tim sells tacos for $$1\mathrm{.}68$ each with a $20\%$ markup. Tom sells them for $ $2\mathrm{.}07$ each with a $15\%$ markup. How much different are Tom's costs than Tim's?

Tom's costs are $30$ cents lower

Tom's costs are $45$ cents lower

Tom's costs are $25$ cents higher

Tom's costs are $40$ cents higher