Problema Solution
Walmart bought 400 dozen eggs at $.60 per dozen. The produce manager knows that 20% of these eggs will be broken or will spoil. What must the marked price per dozen be if the store wants to make a 40% markup on costs?
Answer provided by our tutors
total cost = 400*0.60=240 $
20% are broken
so left eggs are 12*400 -(12*400)*20/100
=3840 eggs are left
total profi required = 240+40/100*240 =240+96=336
let price of each egg=x
x*3840=336
x=0.0875
price of one dozen =12*0.0875=1.05$