16. SPORTSWEAR Olympic Sports buys 2000 baseball caps at $5.00 per hat. If a markup of 50% on selling price is needed and 5% of the caps are damaged and cannot be sold, what is the selling price of each cap?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.6: Percent Applications
Problem 10E
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16. SPORTSWEAR Olympic Sports buys 2000 baseball caps at $5.00 per hat. If a markup of
50% on selling price is needed and 5% of the caps are damaged and cannot be sold, what
is the selling price of each cap?
Transcribed Image Text:16. SPORTSWEAR Olympic Sports buys 2000 baseball caps at $5.00 per hat. If a markup of 50% on selling price is needed and 5% of the caps are damaged and cannot be sold, what is the selling price of each cap?
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