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#