Question
Use a formula to solve the problem. Find the markup (in dollars) on a dozen roses if a florist buys them wholesale for \( \$ 17.85 \) and sells them for \( \$ 48.50 \). SUBMIT ANSWER
Ask by Henry Todd. in the United States
Mar 10,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The markup on a dozen roses is \$30.65.
Solution
Let \( M \) be the markup on a dozen roses. The formula to compute the markup is:
\[
M = \text{Selling Price} - \text{Wholesale Cost}
\]
Substitute the given values:
\[
M = \$48.50 - \$17.85
\]
Calculate the markup:
\[
M = \$30.65
\]
Thus, the markup on a dozen roses is \( \$30.65 \).
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution Beyond the Answer
To find the markup, you can simply subtract the wholesale price from the selling price. So, the formula is: Markup = Selling price - Wholesale price Markup = \( 48.50 - 17.85 = 30.65 \) Therefore, the markup on a dozen roses is \( \$ 30.65 \). Now, let’s imagine how delightful it is to receive a dozen fresh roses! It’s not just about the beauty of the flowers but also how the florist managed to price them. The markup not only reflects the cost of the flowers but also the work involved in creating stunning arrangements, customer service, and keeping the blooms fresh for any special occasion!
