# 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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Expert Answers

justaguide | Certified Educator

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.**