Yosief buys 10 apples for $1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?

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Answer 1 · 2016-05-11T01:24:44

Yosief should sell the apples at $1.60 per dozen.

Cost of 10 apples = $1 $->$ Cost per apple $= $0.10$

Hence: Cost of a dozen apples $=$1.20$

$Profit = (Price - "Cost") / (Price)$

In this example:

$25% = (Price - $1.20) / (Price)$

$0.25 * Price = Price - $1.20$

$Price * (1-0.25) = $1.20$
$Price = ($1.20) /0.75$

$Price = $1.60$