Question

A meat seller bought 250kg of meat fo GHC 224 At what price per kg should he retail it in order to make proft of 25%

Answer 1

Answer:

GHC1.19

Step-by-step explanation:

Given data

Mass of meat= 250kg

Cost of meat= GHC 224

cost price per kg

=224/250

=GHC 0.896 per kg

% profit= selling-cost/selling*100

let the selling price be x

25= x- 0.896/x*100

0.25= x-0.896/x

cross multiply

0.25x=x- 0.896

0.25x-x= - 0.896

0.75x= 0.896

x= 0.896/0.75

x=GHC1.19