Question

Ramiro buys 50 packs of candy bars for $40 before a tax of 7.5%. He sells each candy var for 175% of what he paid before tax. how much does he buy each candy bar for? how much does he sell one for

Answer 1

Cost price of each candy = $0.80, Selling price of each candy = $1.40

Step-by-step explanation:

Given:

Ramiro buys 50 packs of candy bars for $40 before a tax of 7.5%.

He sells each candy var for 175% of what he paid before tax.

Question asked:

How much does he buy each candy bar for ?

How much does he sell one for ?

Solution:

By unitary method:

Cost of 50 packs of candy bars = $40

Cost price of 1 pack of candy bars =
`(40)/(50) =\$0.8`

Cost price of each candy = $0.80

Thus, he buy each candy bar for $0.80

Now:-

As he sells each candy var for 175% of what he paid before tax:-

Selling price of each candy = 0.80
`*` 175%

=
`0.80*(175)/(100) =(140)/(100)=\$1.4`

Thus, he sell one candy for $1.40