SOLUTION: Bill buys 200 bags of oranges at $28 per bag. There are 60 oranges in each bag. 15% of the oranges are rotten. Find the selling price per orange if he wants to earn an 80% profit o

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Question 1058433: Bill buys 200 bags of oranges at $28 per bag. There are 60 oranges in each bag. 15% of the oranges are rotten. Find the selling price per orange if he wants to earn an 80% profit on the cost price.
Found 3 solutions by josgarithmetic, MathTherapy, jonforall:
Answer by josgarithmetic(39623)   (Show Source): You can put this solution on YOUR website!
200 bags, 28 dollars/bag, 60 oranges per bag, only 85% are good oranges.

COST:
Quantity Oranges bought:
Quantity GOOD oranges bought:

PROFIT EXPECTED: 80%;
Let p be price per orange for Bill to sell the good oranges;

-



Compute p.
Put in the units to be sure the expressions used in the steps make sense.

Answer by MathTherapy(10555)   (Show Source): You can put this solution on YOUR website!

Bill buys 200 bags of oranges at $28 per bag. There are 60 oranges in each bag. 15% of the oranges are rotten. Find the selling price per orange if he wants to earn an 80% profit on the cost price.
Selling price of each orange in order to make an 80% profit: 
All other answers are INCORRECT!!
Answer by jonforall(1)   (Show Source): You can put this solution on YOUR website!
Thanks. I've just found an answer after using your good oranges: 85%. Only my final result is different. Mine is $0.99. Because 0.85 times 12000 is 10200. So cost price for one orange is 5600/10200 = $0.55. Then selling price should be $0
55+(0.8 times 0.55) = $0.99. Thanks anyway for telling me to use number of good oranges is 85%, this led me to my final result.

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