A farmer sells honey in jars at a market. He has 60 jars to sell. He calculates
Question:
A farmer sells honey in jars at a market. He has 60 jars to sell.
He calculates that the cost of producing each jar of honey is $1.50.
He manages to sell 25 jars at $3.50 each.
He then decides to reduce the price of the honey to $2.00 for each jar and as a result manages to sell the rest.
a. Calculate how much money he has received from selling his honey as a percentage of cost.
b. Calculate how much profit he has made as a percentage of cost.
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Related Book For
Cambridge Checkpoint Lower Secondary Mathematics Student's Book 7
ISBN: 9781398301948
3rd Edition
Authors: Frankie Pimentel, Ric Pimentel, Terry Wall
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