Question

a market buys mixed nuts at 12.50 per pound. they want to make a 22% profit.what should they charge for the retail price

Answer 1

22% of $12.50 is $2.75 so if you add $12.50+$2.75=$15.25.

Answer 2

$15.25

Explanation:

Costing price of mixed nuts per pound = $12.50

They want to make a 22% profit.

We have to calculate 22% of 12.50

22% × 12.50

= 0.22 × 12.50

= $2.75

Now add this amount to the cost price.

12.50 + 2.75 = $15.25

They should charge $15.25 for the retail price to make 22% profit.