Question

Cameron bought twelve pounds of candy corn for 79 cents a pound and eighteen pounds of M&Ms for $1.09 a pound, planning to make packages of candy for a fund-raiser. The two types of candy will be mixed and sold in one-pound bags. What is the least price that Cameron can charge for each of the thirty bags, in order to make at least a 25% profit.

Answer 1

To find the least price that Cameron can charge for each of the thirty bags, we need to calculate the total cost of the candy and add a 25% profit margin.

Step-by-step explanation:

To find the least price that Cameron can charge for each of the thirty bags, we need to calculate the total cost of the candy and then add a 25% profit margin.

The cost of the candy corn is 12 pounds x $0.79 = $9.48.

The cost of the M&Ms is 18 pounds x $1.09 = $19.62.

The total cost of the candy is $9.48 + $19.62 = $29.10.

To add a 25% profit margin, we multiply the total cost by 1.25: $29.10 x 1.25 = $36.37.

Finally, we divide the total cost by the number of bags: $36.37 / 30 = $1.21.

Therefore, the least price that Cameron can charge for each of the thirty bags is $1.21.