SOLUTION: basit receives 400kg of guavas, for which he pays $0.75 per kg. on average 8% of them will spoil. find the selling price per kg to abtain a 75%profit on cost.

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Question 809564: basit receives 400kg of guavas, for which he pays $0.75 per kg. on average 8% of them will spoil. find the selling price per kg to abtain a 75%profit on cost.
Answer by josgarithmetic(39616) About Me  (Show Source):
You can put this solution on YOUR website!
Cost Paid: 400(0.75) dollars.

Revenue to Basit: 400%280.92%29%2Ap
where p is the selling price, in dollars per kg.
Basit wants revenue to be 400%280.75%29%2A%281.75%29, which is 75 percent more than what he spent in "cost paid".

400%280.92%29p=400%280.75%29%281.75%29, find p.
0.92p=0.75%281.75%29
p=%280.75%29%2A%281.75%29%2F%280.92%29
Approximately p+=+142 or p+=143