11. Simon ordered 200 boxes of Fuji apples from
China. He paid $28 per box for the apples.
There were 60 fruits in each box and he
expected 15% of them to spoil. If he wants to
make a profit of 80% on cost, what should be
the selling price per fruit?
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AnswEr:-
The total cost of the apples: 28 * 200 = $5,600
how much he should receive to realize an 80% profit: 1.80*5600 = $10,080
No of boxes he has after 15% of them spoil: .85(200) = 170 boxes
No of apples he has: 170*60 = 10200 apples
Let x = amt he should charge to make the required amt
10200x = $10080
x = 10080 / 10200
x = $.99 per apple to make at least the required amt of $10,080.
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