The total cost of the paint increased by the percentage of profit
expected gives the total price at which Aadi should sell the paint.
Response:
- Each 5-litre tin should be sold for <u>£24.53</u>
<h3>How can the price of each tin be calculated?</h3>
The given ratio of the paint is;
Blue : yellow = 7:3
The cost of a 50-litre container of blue paint = £164
The cost of a 20-litre container of yellow paint = £84.80
The volume of the tins in which the green paint is to be sold = 5-liter
The profit on each tin = 37.5%
Required:
The amount each (5-liter) tin of green paint should be sold.
Solution:
Let <em>X</em> represent the volume of blue paint and let <em>Y</em> represent the volume
of yellow paint in the mixture, we have;
Therefore;
A multiple of 50, 20 and 3 is 300
If Aadi buts 15 containers of yellow paint = 300 L, we have;
The number of tins of blue paint is = 14 containers
The total cost of the paint bought is therefore;
15 × £84.8 + 14 × £164 = £3,568
Volume of the paint = 300 L + 700 L = 1000 L
The amount at which the paint is sold = 1.375 × £3,568 = £4,906
- The amount he should sell each tin is<u> £24.53</u>
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