At a supermarket a chocolate sells for $3, the profit margin of the supermarket is 3%, what is the amount that the manufacturer gets per chocolate?  

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justaguide's profile pic

justaguide | College Teacher | (Level 2) Distinguished Educator

Posted on

Let the amount that the manufacturer gets per chocolate be C. The supermarket marks up the price by 3% and it is sold at $3.

So, we have C *( 1 + 3%) = 3

=> C* (1 + 0.03) = 3

=> C*( 1.03) = 3

=> C = 3/1.03

=> C = $2.91

The manufacturer gets $2.91 per chocolate.

thomas666's profile pic

thomas666 | Student, Grade 11 | (Level 1) Honors

Posted on

Why can't we just subtract 3% from 3 or 9 cents and we get $2.1

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