K Kami Member 15+ Year Member 20+ Year Member Joined Aug 23, 2003 Messages 91 Reaction score 0 Points 0 Feb 27, 2007 #1 Advertisement - Members don't see this ad 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.
Advertisement - Members don't see this ad 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 15+ Year Member Joined Jan 3, 2005 Messages 59 Reaction score 0 Points 0 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 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 15+ Year Member Joined Feb 26, 2007 Messages 57 Reaction score 0 Points 0 Location New Jersey Attending Physician Feb 27, 2007 #3 anywhere between 44~50cents is correct, just rounded up that's all. Upvote 0 Downvote
