Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost $1.11 per pound and flakes cost $0.90 per pound. What most the grocer charge for a pound of the cereal to make a profit of 21 cents per pound?
A. $0.99
B. $1.00
C. $1.07
D. $1.20
E. $1.21
The OA is D.
Please, can any expert explain this PS question for me? I tried to solve it but I can't get the correct answer. I need your help. Thanks.
Three pounds of raisins and 4 pounds of corn flakes...
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- DavidG@VeritasPrep
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Cost of three pounds of raisins: 3 * 1.11 = 3.33swerve wrote:Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost $1.11 per pound and flakes cost $0.90 per pound. What most the grocer charge for a pound of the cereal to make a profit of 21 cents per pound?
A. $0.99
B. $1.00
C. $1.07
D. $1.20
E. $1.21
The OA is D.
Please, can any expert explain this PS question for me? I tried to solve it but I can't get the correct answer. I need your help. Thanks.
Cost of four pounds of cornflakes: 4 * .90 . = 3.60
Total cost of 7 pounds of cereal = 3.33 + 3.60 = 6.93
Cost per pound = 6.93/7 = .$99
To make a profit of $.21, they'd have to charge .99 + .21 = $1.20. The answer is D
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- Scott@TargetTestPrep
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First, we can determine the total cost to the grocer:swerve wrote:Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost $1.11 per pound and flakes cost $0.90 per pound. What most the grocer charge for a pound of the cereal to make a profit of 21 cents per pound?
A. $0.99
B. $1.00
C. $1.07
D. $1.20
E. $1.21
The OA is D.
Cost for raisins = 3 x 1.11 = $3.33
Cost for corn flakes = 4 x 0.90 = $3.60
Total cost to grocer = $6.93
Cost per pound = 6.93/7 = $0.99
Since the grocer wants to make a profit of $0.21 per pound, he must charge:
0.99 + 0.21 = $1.20
Answer: D
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