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Profit and Loss
Sam 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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- The cost price of 1 apple = 1/10th of a dollar or $0.10.
As Sam wishes to make a profit of 25%, his selling price per apple will be 0.10 + 25% of 0.10 = $0.125.
If the selling price of 1 apple is $0.125, then the selling price of a dozen apples = 12 * 0.125
= $1.5 - 11 years agoHelpfull: Yes(1) No(0)
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