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MJ Supply distributes bags of dog food to pet stores. Its markup rate is 28%. Which equation represents the new price of a bag, y, given an original price, p? Select all that apply. *
A) y = 0.72p
B) y = p + 0.72p
C) y = 1.28p
D) y = p + .28p
E) y=1.28p
F) y = 1 + .28p

Respuesta :

Answer: it’s C.

Step-by-step explanation:

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The equation that represents the new price of a bag is y = 1.28p.

Markup rate is the ratio of the difference between the selling price and cost price to the cost price. It is given by:

Markup rate = (selling price - cost price)/cost price

Given that y is the selling price, p is the cost price and the markup rate is 28%, hence:

28% = (y- p)/p

y-p = 0.28p

y = 1.28p

Hence the equation that represents the new price of a bag is y = 1.28p.

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