Answer to Question #154110 in Algebra for Ceba

Question

A box containing 25 apples was bought for$5.00 if the apples were retailed at 30 cents how much profit was made on this transaction

Answer 1

100cents = $1

Cost price = $5.00

One Apple = 30cents

30cents = $(30/100)

= $0.3

25apples = 0.3 × 25

= $7.50

Therefore, total retailed price is $7.50

Profit = total retailed price - cost price

= $7.50 - $5.00

= $2.5

A profit of $2.5 was made on the transaction