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At what price should the merchant sell the remaining mixture to earn a profit of 25% on the whole outlay?

(Cost prices: $30, $40, $37, $1480)

a) $56.25
b) $62.50
c) $68.75
d) $75.00

Answer :

Final answer:

To earn a 25% profit on the whole outlay, the merchant should sell the remaining mixture at a price of approximately $66.13.

Explanation:

To calculate the selling price for the remaining mixture, we need to consider the cost prices and the desired profit percentage. The total cost price of the remaining mixture can be calculated by summing up the individual cost prices: $30 + $40 + $37 + $1480 = $1587. To earn a profit of 25% on the whole outlay, we need to find 125% of the total cost price. 125% of $1587 = $1,984. To find the selling price, we divide the calculated total cost price by the total quantity: $1,984 / 30 = $66.13 approximately.\ Therefore, the merchant should sell the remaining mixture at a price of approximately $66.13 to earn a profit of 25% on the whole outlay.

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