Question

compute the selling price of a bag of chips that has a cost of $0.75 per item. the store needs to generate a profit of $0.50 per item.

Answer 1

$1.25

Step-by-step explanation:

A seller has to consider both the cost price and the desired profit before setting the selling price. In practice, the selling price is the total of the cost price and the intended profits.

In this case

Selling price = $0.75 + $0.50

=$1.25