A grocer buys apples for 63 cents per pound. If 10% of the apples goes bad and he still wants to make a 20%

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A grocer buys apples for 63 cents per pound. If 10% of the apples goes bad and he still wants to make a 20%

[From: ] [author: ] [Date: 12-01-01] [Hit: ]

it is really two questions how much does the grocer pay per pound, and how much does he have to charge to get his profit. 63 cents per pound with a ten percent loss is 90 % of a pound for 63 cents or 70 cents per pound. Right?20% more than 70 = 120% x 70 = 84 cents.I cant believe the math guys got this wrong.......

profit over his purchase price, what should be the sales price?

OK, so there's a dispute going on in the math board over whether this is 84 cents or 77 cents. Can you engineering people COME TO THE RESCUE!

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Wow, You have asked this simple math question five times and got more than five different answers. So lets go though this together, Ok. it is really two questions how much does the grocer pay per pound, and how much does he have to charge to get his profit. 63 cents per pound with a ten percent loss is 90 % of a pound for 63 cents or 70 cents per pound. Right?
20% more than 70 = 120% x 70 = 84 cents. OK
I can't believe the math guys got this wrong.

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