Asked by somay
A trader bought 30 baskets of
potatoes and 100 baskets of oranges
for $2450. She sold the potatoes at a
profit of 40% and the oranges at a
profit of 30%. If her profit on the
entire transaction was $855, calculate the:
1) Cost price for a basket of potato;
2) Selling price of the 100 baskets of
oranges.
potatoes and 100 baskets of oranges
for $2450. She sold the potatoes at a
profit of 40% and the oranges at a
profit of 30%. If her profit on the
entire transaction was $855, calculate the:
1) Cost price for a basket of potato;
2) Selling price of the 100 baskets of
oranges.
Answers
Answered by
Steve
If the prices of baskets were x and y, then we are told:
30x+100y = 2450
30*.40x + 100*.30y = 855
so,
potatoes cost $40.00
oranges cost $12.50
30x+100y = 2450
30*.40x + 100*.30y = 855
so,
potatoes cost $40.00
oranges cost $12.50
Answered by
Steve is dump
wrong
Answered by
Steve
ok - maybe you can catch my mistake, and answer the 2nd part while you're at it ...
Answered by
somay
pls help me i'm so confuse with the second part.
Answered by
Steve
once you have the price for the oranges (let's say, oh, $12.50), then the total selling price for 100 baskets at 30% markup is
$12.50 * 1.30 * 100 = $1625.00
$12.50 * 1.30 * 100 = $1625.00
Answered by
somay
thank you very much steve!
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