
Maria S.
asked 08/31/18give solution
a road side vendor sells all his wares at 33.33% profit.If he bought 19 caps for 285 ,at what price will he sell each cap
answer is 20
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1 Expert Answer
Okay, so if he paid $285 for 19 caps,
285 ÷ 19 = 15
15 x .3333 = 5.00
So then the price would be 15.00 + 5.00 = $20.00
another way you can calculate the price would be to multiply the cost by 1 + the profit percent.
For example, you can multiply 15 x 1.3333 = $20. Then you don't have to add the cost to the profit.
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Rebecca R.
08/31/18