Question

Jan buys tins of paint for $17.16 each.

He sells the paint at a profit of 25%.
For how much does Jan sell each tin of paint?

Answer 1

$21.45

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Calculate the selling price with a 25% profit added to the cost price.

So, the profit is 25% of $17.16 which is:

• 0.25 * $17.16 = $4.29

This profit is added to the cost price to get the selling price:

• $17.16 + $4.29 = $21.45

Therefore, Jan sells each tin of paint for $21.45.