A trader bought 30 baskets of

Question

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.

Answer 1

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

Answer 2

wrong

Answer 3

ok - maybe you can catch my mistake, and answer the 2nd part while you're at it ...

Answer 4

pls help me i'm so confuse with the second part.

Answer 5

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

Answer 6

thank you very much steve!