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. \(\$14.25\)
Answer: 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
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The wholesale price of Coffee cups is \(\dfrac{692}{80}=8.65\)VJesus12 wrote: ↑Tue Oct 20, 2020 5:31 amWhen 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. \(\$14.25\)
Answer: B
Source: Magoosh
Retail price is \(12.50\)
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Solution:VJesus12 wrote: ↑Tue Oct 20, 2020 5:31 amWhen 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. \(\$14.25\)
Answer: 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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