Question

4. Pietro buys 24 candy bars for $6. He plans to sellall 24 candy bars in 1 day. He needs to make aprofit of $12 per day to meet his fundraising goal.How much must he charge for each candy bar?(Hint: He spent $6 on the candy bars so his startingprofit is $-6. How much does he need to make inorder to have a profit of $12?)He needs to charge $per candy bar.

Answer 1

The cost of the 24 candy bars is $6.

If he is to make a profit of $12, that means that he must sell all the candy bars for:

$\Rightarrow12+6=18\text{ dollars}$

Since there are 24 candy bars, the cost of 1 candy bar can be calculated to be:

$\Rightarrow\frac{18}{24}=0.75\text{ dollars}$

He needs to charge $0.75 per candy bar.