Question

A market buys mixed nuts at $15 per pound. They want to make a $20 profit.what would you pay for 1 pound of nuts?

Answer 1

We need to sell the nuts at 35 dollars to make $20 profit

Explanation:

Profit = Selling price - cost

We know we want a 20 dollar profit

The cost of the nuts is 15 dollar

Substitute this in

20 = Selling price -15

Add 15 to each side

20+15 = Selling price -15+15

35 = Selling price

We need to sell the nuts at 35 dollars to make $20 profit