Ask Question
3 March, 10:53

Leonard has purchased packages of grid paper for $2.25. If he wants to make a 40% profit on each package he sells to his classmates, by how much should he increase the price? What will the new price be?

+1
Answers (2)
  1. 3 March, 11:10
    0
    Answer: glhe should increase the price by $0.9 and the new price would be $3.15

    Step-by-step explanation:

    The amount at which Leonard purchased each package of grid paper is $2.25.

    If he wants to make a 40% profit on each package he sells to his classmates, then the amount by which he should increase the price for each package of grid paper is

    40/100 * 2.25 = 0.4 * 2.25 = $0.9

    Therefore, the new price for each package of grid paper would be

    2.25 + 0.9 = $3.15
  2. 3 March, 11:19
    0
    Answer: $3.15

    Step-by-step explanation: 40 percent of $2.25 is $0.90

    $0.90 + $2.25 = $3.15
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Leonard has purchased packages of grid paper for $2.25. If he wants to make a 40% profit on each package he sells to his classmates, by how ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers