The selling price of each mango is sh 18
What is selling price?
Selling price can b described as the amount at which a particular product is sold at the market
Write out the parameters
160 mangoes are sold at Sh 10
The calculation can be done as follows
cost price= 160 × 10
= 1600
Sh 200 was paid for transportation
The total cost price is 1600 + 200
= 1800
Formula
selling price= cost price (1+r/100)
= 1800(1 + 60/100)
= 1800( 1+ 0.6)
= 1800(1.6)
= 2880
Therefore the selling price of each mango can be calculated as follows
= 2880/160
= 18
Hence the selling price of each Mango is Sh 18
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