Problema Solution
Ahmed buys a pack of 20 drinks to sell at the school shop. The pack costs $5.
He wants to make a 40% profit.
How much should he sell each drink for?
Answer provided by our tutors
Since, Ahmed wants to sell the pack for a 40% profit, he will need to have a total cost of what he paid (100% of 5) plus the desired profit (40% of $5). Therefore, we can write:
Selling cost=(1.40)5
Selling cost=$7
Therefore, he must sell the pack for $7 in order to make a 40% profit.