Multiple Choice
The spoilage rate on a shipment of wheat is expected to be 20%. It was purchased at a cost of $5.35 per bushel. What should the selling price per bushel be to achieve a markup of 6% based on selling price? (Round your answer to the nearest cent)
A) $5.67
B) $7.09
C) $5.57
D) $7.11
Correct Answer:
Verified
Correct Answer:
Verified
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