MulletStaton7871 MulletStaton7871
  • 03-04-2020
  • Mathematics
contestada

A donut shop owner spends $3 to make one dozen cinnamon rolls. He marks them up 500% to sell to customers. What is the price for one dozen cinnamon rolls?

Respuesta :

ChiKesselman ChiKesselman
  • 06-04-2020

Answer:

The price for one dozen cinnamon rolls is $18.

Step-by-step explanation:

We are given the following in the question:

Money spend on making one dozen of cinnamon rolls = $3

Marked price = 500% of the making cost

We have to find the price for one dozen cinnamon rolls.

Marked Price =

[tex]500\% \times 3\\\\=\dfrac{500}{100}\times 3\\\\=15[/tex]

Selling price = Marked price + Cost price

[tex]=15+3\\=\$18[/tex]

Thus, the price for one dozen cinnamon rolls is $18.

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