~asap offering 13 points~ mike albers works during the summer at his uncle’s produce stand. tomatoes are priced at $1.99 per pound. mike’s uncle estimates that his total cost in producing and transporting the tomatoes is about $0.95 per pound. what is the markup rate based on the cost for the tomatoes? a) 109.5 % b) 47.7% c) 159.5 d) 209.5%

It is trying to find the markup rate of how much you are selling them for from how much they are transported. We can see that 100% of $0.95 is $0.95 itself. 50% of $0.95 is half of that so we would get $0.48 .

Now we take the difference of the price they are sold at and the price they are transported. $1.99-$0.95= $1.04. This tells us that the markup rate must be higher than 100% because the difference is more than the initial value of $0.95. Now the difference between that is $1.04-$0.95 = $0.09. We need to find the percentage of $0.09 in $0.95. 10% of $0.95 is $0.095 but $0.095 is a little greater than $0.09 so we can assume it is %9.5

We add %9.5 to %100 and get a markup of %109.5

we need the options

step-by-step explanation:

yes. we do proportions in probabilities.