A hawker buys 250 apples at a cost of $645, of which 14% of them are rotten and must be discarded. The hawker sets the selling price for each of the remaining apples so that the overall profit percent is not less than 30%. Find the range of the selling price of each apple.
Q. A hawker buys 250 apples at a cost of $645, of which 14% of them are rotten and must be discarded. The hawker sets the selling price for each of the remaining apples so that the overall profit percent is not less than 30%. Find the range of the selling price of each apple.
Calculate total apples: Calculate the number of apples that are not rotten.Total apples = 250Rotten apples = 14% of 250 = 0.14×250 = 35 applesRemaining apples = 250−35 = 215 apples
Calculate total cost: Calculate the total cost of the apples that are not rotten.Total cost = $645Cost per apple = $645/250=$2.58 per appleCost for non-rotten apples = 215×$2.58=$554.70