A wholesale nursery purchases six dozen gladiolus bulbs for $5.The nursery sells the six dozen resulting flowers to a wholesale florist for $10.The wholesale florist delivers the flowers to a retail florist for $15.The flowers are sold by the retail florist for $75 to the bereaved Jones family to use at great-grandfather Jones's wake.What is the value added by the retail florist?

Question

Quizplus · Accepted Answer

The value added by the retail florist is the difference between the price they sold the flowers for and the price they purchased them for. The retail florist purchased the flowers for $15 and sold them for $75, which is a difference of $60. Therefore, the answer is (C) $60.

A Wholesale Nursery Purchases Six Dozen Gladiolus Bulbs for $5