SOLUTION: in 1975, 500 dozen pencils were sold at 40 cents per dozen. 1978, only 75% as many pencils were brought in 1975, but the price was 20% higher. What is the price of the pencils in 1

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: in 1975, 500 dozen pencils were sold at 40 cents per dozen. 1978, only 75% as many pencils were brought in 1975, but the price was 20% higher. What is the price of the pencils in 1      Log On


   

Question 250246: in 1975, 500 dozen pencils were sold at 40 cents per dozen. 1978, only 75% as many pencils were brought in 1975, but the price was 20% higher. What is the price of the pencils in 1978?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
in 1975, 500 dozen pencils were sold at 40 cents per dozen. 1978, only 75% as many pencils were bought in 1975, but the price was 20% higher. What is the price of the pencils in 1978?
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1978 DATA:
# of dozen pencils: 0.75*500 = 375
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Price per dozen: 1.2*40 = 48 cents per dozen
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Cheers,
Stan H.