Question

The student council sold jars of mixed nuts at their bazaar they were given 40 empty jars. They paid $19.60 for the nuts and $11.20 for decorative ribbon they made a profit of 98￠on each of the 40 jars sold. How much did they charge for each jar

Answer 1

`\$1.75`

Explanation:

Total amount paid for the nuts is $19.60

Total amount paid for the ribbons is $11.20

Profit made on each jar is 98￠= $0.98

Cost price of the nuts and ribbon for the 40 jars is
`19.6+11.2=\$30.8`

Cost price for nuts and ribbonn for one jar =
`(30.8)/(40)=\$0.77`

Selling price is the sum of the cost price and profit.

Selling price for one jar =
`0.77+0.98=\$1.75`

They charged
`\$1.75` for each jar.