SOLUTION: A manufacturer of jam wants to make a profit of $75 by selling 300 jars of jam. It costs 65 cents each to make the first 100 jars of jam and 55 cents each to make each jar after th
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Question 627516: A manufacturer of jam wants to make a profit of $75 by selling 300 jars of jam. It costs 65 cents each to make the first 100 jars of jam and 55 cents each to make each jar after the first 100. What price should be charged for the 300 jars of jam? Answer by richwmiller(17219) (Show Source):
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selling price-cost =profit
cost =100*.65+200*.55
profit =75
selling price=300*s
300*s-(100*.65+200*.55)=75
300*s-(65+110)=75
300*s-175=75
300s=250
6s=5
s=5/6=.83
