SOLUTION: A tobacconist blends 3 parts of tobacco costing 9¢ an ounce with 4 parts of tobacco costing 14¢ an ounce with 5 parts of tobacco costing 17¢ an ounce. If he wishes to make a 50%
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Question 1162587: A tobacconist blends 3 parts of tobacco costing 9¢ an ounce with 4 parts of tobacco costing 14¢ an ounce with 5 parts of tobacco costing 17¢ an ounce. If he wishes to make a 50% profit, what should be the price of one pound of this blend? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! A tobacconist blends 3 parts of tobacco costing 9¢ an ounce with 4 parts of tobacco costing 14¢ an ounce with 5 parts of tobacco costing 17¢ an ounce.
:
Total parts: 3 + 4 + 5 = 12 parts
find the cost for 12 oz
3(.09) + 4(.14) + 5(.17) =
.27 + .56 + .85 = $1.68 for 12 oz
Find the cost per pound * 1.68 = $2.24 cost per pound
: If he wishes to make a 50% profit, what should be the price of one pound of this blend?
1.5(2.24) = $3.36 per pound selling price
