Question

The student council sold jars of mixed nuts at their bazaar they were given 40 empty jars. They paid $19.60 for the nuts and $11.20 for decorative ribbon they made a profit of 98￠on each of the 40 jars sold. How much did they charge for each jar

Answer 1

Answer:

$\ 1.75$

Step-by-step explanation:

Total amount paid for the nuts is $19.60

Total amount paid for the ribbons is $11.20

Profit made on each jar is 98￠= $0.98

Cost price of the nuts and ribbon for the 40 jars is $19.6+11.2=\ 30.8$

Cost price for nuts and ribbonn for one jar = $\dfrac{30.8}{40}=\ 0.77$

Selling price is the sum of the cost price and profit.

Selling price for one jar = $0.77+0.98=\ 1.75$

They charged $\ 1.75$ for each jar.