Question

A market buys bags of mixed candy for $12.50 per pound. The market wants to make a profit of 22%.

What should the retail price be in order for them to achieve this profit?

Answer 1

First you have to know how much 22% equals

`12.5(0.22)=2.75\\`

Now that we know how much it is equivalent to, we just have to add the equivalence to the initial value

`12.5+2.75=15.25`

Answer 2

$15.25

Explanation:

100% = 12.5

1% = 0.125

22% = 2.75

12.5+2.75=15.25