K Kami Member 10+ Year Member 15+ Year Member Aug 23, 2003 91 0 Feb 27, 2007 #1 Feb 27, 2007 #1 Tom sells one dozen donuts for $4.00. He needs to earn 33% profit in addition so how much would it cost tom per donut if he earns the 33 % profit? I get 0.44 cents per donut but the answer is 0.50 cents. Can anyone let me know. ••• More options Share
Tom sells one dozen donuts for $4.00. He needs to earn 33% profit in addition so how much would it cost tom per donut if he earns the 33 % profit? I get 0.44 cents per donut but the answer is 0.50 cents. Can anyone let me know.
S Shayan_4_Cal Junior Member 10+ Year Member Jan 3, 2005 59 0 Feb 27, 2007 #2 Feb 27, 2007 #2 You answer is correct. I think what happened here is that the solution has rounded up %33 increase to %35. Solving with %35 profite we get: 4 X 1.35 = 5.4 5.4/12=.45 ••• More options Share Upvote 0 Downvote
You answer is correct. I think what happened here is that the solution has rounded up %33 increase to %35. Solving with %35 profite we get: 4 X 1.35 = 5.4 5.4/12=.45
H HannahDH Immunologist 10+ Year Member Feb 26, 2007 57 0 New Jersey Attending Physician Feb 27, 2007 #3 Feb 27, 2007 #3 anywhere between 44~50cents is correct, just rounded up that's all. ••• More options Share Upvote 0 Downvote
