Question: Only answer the second question. Thank you A convenience store buys 1 -gallon jugs of milk for $2.99 and sells them for $4.29. What is

Only answer the second question. Thank you A convenience store buys 1

Only answer the second question. Thank you

A convenience store buys 1 -gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk? Retail Price =$4.29/ unit Cost =$2.99/ unit Margin =( Price-Cost)/Price =(4.292.99)/4.29=30.3% A convenience store buys 1-gallon jugs of milk for $$2.99 and margin is 50%. What is the mark-up of the milk

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!