Question

A meat seller bought 250kg of meat for 224 Ghana cedis.At what price pre kg should he retail it in order to get 25% profit

Answer 1

Answer: 1.12 Ghana Cedis

Explanation:

First find the cost per kg:

= Amount spent / kg

= 224/250

= 0.90 Cedis per kg

In order to make a profit of 25%, the amount to charge per kg is:

= Cost per kg * ( 1 + makeup)

= 0.90 * (1 + 25%)

= 1.12 Ghana Cedis