Elementary Algebra

Published by Cengage Learning
ISBN 10: 1285194055
ISBN 13: 978-1-28519-405-9

Chapter 4 - Proportions, Percents, and Solving Inequalities - 4.3 - More on Percents and Problem Solving - Problem Set 4.3: 46

Answer

The retailer should charge 5 dollars for the candy.

Work Step by Step

Let s represent the selling price. We can use the following guideline to solve this problem: Selling price = Cost + Profit So: s = 2.5 + 50% $\times$ s s = 2.5 + 0.5 $\times$ s s = 2.5 + 0.5s 0.5s = 2.5 Divide both sides by 0.5: s = 5 The retailer should charge 5 dollars for the candy.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.