Question

A meat seller bought 250kg of meat for 224 cedis . At what price per kg should he retail it in order to make aprofit of 25% .

Answer 1

The cost price per kilogram is 224/250 = 0.896 cedis.

To make a profit of 25%, the selling price per kilogram should be 0.896 * 1.25 = 1.12 cedis.

Therefore, the meat seller should retail the meat at 1.12 cedis per kilogram in order to make a profit of 25%.