A peddler bought 26 boxes of oranges for $48.00. He sold 4 boxes to a friend at only $1.50 each. How much will he have to charge for each of the other boxes to make a total profit of $12.34 ?
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Answer:
$2.47
Step-by-step explanation:
26 boxes is 48.00
Price of 4 boxes sold =1.5*4=6.00
How much he used -how much he made =48-6=42.00
Profit needed=12.34
Total cost of boxes =42+12.34=54.34
Number of boxes left =26-4=22
Price per box=54.34/22
=2.47
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