4 Questions
What was the markup on each bottle of water?
₹500
How much does the business owner owe in total for failing to deliver the promised water bottles?
₹1650
What was the market price of water on the day of delivery?
₹525
By how much had the market price of water increased since the business owner made his promise?
Unknown
Study Notes
- A business was making profits by selling water for ₹5 per bottle, with a markup of ₹500 per bottle.
- The business owner made a promise to deliver on a certain day and failed to keep it.
- The market price of water was fluctuating and was at ₹525 per bottle on the day of delivery.
- The market price had increased by an unknown amount since the business owner made his promise.
- The business owner now owes ₹525 x 4 bottles (1650 ₹) to the person he made the promise to.
Test your knowledge of business profits, markups, and delivery promises with this quiz. Calculate the amount owed after a failed promise due to fluctuating market prices.
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