His cost for 7 lbs of the mixture is
3*.60 + 2*.70 + 2*.50 = 4.20
a 25% profit requires him to charge $5.25 for that.
That's $0.75/lb.
A candy dealer makes up a mixture of 3 parts of candy costing him 60 cents a pound with 2 parts of candy costing him 70 cents a pound, and 2 parts of candy costing him 50 cents a pound.At what price per pound should he sell this mixture to make a profit of 25%?
a. 60 cents
b. 75 cents
c. 85 cents
d. $1.00
e. $1.05
please answer and explain
1 answer
1 answer