The snack bar at the school purchases water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 and 1 third percent, an amount of 0 point 2 8 dollars Percents Total 33 1 third percent 33 1 third percent 33 1 third percent 100 percent 0 point 2 8 dollars 0 point 2 8 dollars 0 point 2 8 dollars What was the wholesale price of each water bottle?
A markup of 33 1/3% is one-third of the wholesale price. If one-third is $0.28, then the wholesale price is $0.28 × 3 = $0.84. The wholesale price was 0.84 dollars, choice C.
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