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
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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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The wholesale price of Coffee cups is \(\dfrac{692}{80}=8.65\)BTGmoderatorDC wrote: ↑Tue Oct 20, 2020 3:36 pmWhen 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
Retail price is \(12.50\)
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Solution:BTGmoderatorDC wrote: ↑Tue Oct 20, 2020 3:36 pmWhen 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
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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