Multiple choice

A fruit vendor purchased 100 boxes of apples from a wholesale market at $50 each. If 10 boxes out of them were found completely damaged and he wishes to earn a 20 percent profit, what price should he charge on the remaining boxes?

  1. $56.33 per box
  2. $66.66 per box
  3. $72.25 per box
  4. $80.33 per box

  5. Data insufficient
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost is 100 * 50 = 5000. To earn 20% profit, total revenue must be 5000 * 1.2 = 6000. With 10 boxes damaged, 90 boxes remain. Price per box = 6000 / 90 = 66.66.

AI explanation

The total cost price for the 100 boxes is 100 * 50, which equals \$5000. To earn a 20 percent profit, the total revenue required is 5000 * 1.20, which equals \$6000. Since 10 boxes were damaged, 90 boxes remain, so the vendor must charge 6000 / 90 per box, resulting in a price of $66.66 per box.

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