Question

A market buys watermelons for $1.25 they want to make a 20% profit what should they charge for the watermelons

Answer 1

Answer: $1.50

Explanation:

Cost price of watermelon = $1.25

Profit percent = 20%

Profit = Profit percent × Cost price

= 20% × $1.25

= 20/100 × $1.25

= 0.2 × $1.25

= $0.25

Selling price = Cost price + Profit

Selling price = $1.25 + $0.25

Selling price = $1.50

They should charge $1.50 for the watermelons