SOLUTION: For $1.80 a grocer buys a case of fruit which contains 12 dozen. He knows that two dozen will spoil before he sells them. At what price per dozen must he sell the good ones to gain

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: For $1.80 a grocer buys a case of fruit which contains 12 dozen. He knows that two dozen will spoil before he sells them. At what price per dozen must he sell the good ones to gain      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 793387: For $1.80 a grocer buys a case of fruit which contains 12 dozen. He knows that two dozen will spoil before he sells them. At what price per dozen must he sell the good ones to gain 1/3 of the whole cost?
Answer by josgarithmetic(39614) About Me  (Show Source):
You can put this solution on YOUR website!
GAIN (1/3) of the whole cost of $1.80, is %281.80%2B0.60%29 dollars. The cost given was for all 12 dozen. NOW, the selling cost, or the revenue must be 2.40 dollars. This 2.40 dollars must be equally distributed among the 10 dozen which are still good.

2.40 dollars per 10 dozen is:
2.40%2F10+=0.24 dollars per dozen.
This is 24 cents per dozen.