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A meat seller bought 250kg of meat for $224.00. At what price per kg should he retail it in order to make a profit of 25%?
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A meat seller bought 250kg of meat for $224.00. At what price per kg s...
Calculation of Cost Price:
To find the selling price per kg, we first need to calculate the cost price per kg.
Given that the meat seller bought 250kg of meat for $224.00, we can calculate the cost price per kg using the following formula:

Cost Price per kg = Total Cost / Total Quantity

Cost Price per kg = $224.00 / 250kg
Cost Price per kg = $0.896

Calculation of Selling Price:
To make a profit of 25%, the selling price per kg should be 25% more than the cost price per kg. We can calculate the selling price per kg using the following formula:

Selling Price per kg = Cost Price per kg + Profit Percentage * Cost Price per kg

Profit Percentage = 25% = 0.25 (as a decimal)

Selling Price per kg = $0.896 + 0.25 * $0.896
Selling Price per kg = $0.896 + $0.224
Selling Price per kg = $1.12

Conclusion:
The meat seller should retail the meat at a price of $1.12 per kg in order to make a profit of 25%. By selling the meat at this price, the seller will cover the cost price of $0.896 per kg and earn a profit of $0.224 per kg.
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A meat seller bought 250kg of meat for $224.00. At what price per kg should he retail it in order to make a profit of 25%?
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A meat seller bought 250kg of meat for $224.00. At what price per kg should he retail it in order to make a profit of 25%? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about A meat seller bought 250kg of meat for $224.00. At what price per kg should he retail it in order to make a profit of 25%? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A meat seller bought 250kg of meat for $224.00. At what price per kg should he retail it in order to make a profit of 25%?.
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