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When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants

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by BTGmoderatorDC » Tue Oct 20, 2020 3:36 pm

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Difficulty—

When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants to buy just one such cup, it costs him $12.50. How much above the wholesale price per cup is he paying?

A. $0.55
B. $3.85
C. $7.35
D. $10.65
E. $14.25


OA B

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Re: When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil w

by swerve » Wed Oct 21, 2020 11:54 am
BTGmoderatorDC wrote: ↑
Tue Oct 20, 2020 3:36 pm
 When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants to buy just one such cup, it costs him $12.50. How much above the wholesale price per cup is he paying?

A. $0.55
B. $3.85
C. $7.35
D. $10.65
E. $14.25


OA B

Source: Magoosh
The wholesale price of Coffee cups is \(\dfrac{692}{80}=8.65\)

Retail price is \(12.50\)
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Re: When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil w

by Scott@TargetTestPrep » Sun Oct 25, 2020 1:38 pm
BTGmoderatorDC wrote: ↑
Tue Oct 20, 2020 3:36 pm
 When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants to buy just one such cup, it costs him $12.50. How much above the wholesale price per cup is he paying?

A. $0.55
B. $3.85
C. $7.35
D. $10.65
E. $14.25


OA B

Solution:

The wholesale price is 692/80 = $8.65 per cup.

Thus, Phil pays 12.5 - 8.65 = $3.85 above the wholesale price if he buys just one cup.

Answer: B

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