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| Math Central | Quandaries & Queries |
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Question from Allie, a student: If you have food that costs $0.75 per portion and your food cost is 16.5% how would you find the retail price? |
Allie,
If you knew the retail price $P and that the food cost is 16.5% of the retail price then you could calculate the food cost by
0.165 × $P = food cost.
Divide both side of this equation by 0.165 to get
$P = (food cost)/0.165.
Penny
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