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A vendor bought 225 coconuts for GH¢180.00. Three-fifth of the coconuts were sold at a profit of 40%. The rest were sold at 75% of the initial selling price. Calculate (a) the new selling price per co

Mathematics

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2 parts
a

GH¢0.84\text{GH¢}0.84

b

26%26\%

Step-by-step solution

4 steps

Step 1: Calculate the cost price per coconut.
The total cost price for 225 coconuts is GH¢180.00.

Cost Price per coconut (CP)=Total Cost PriceNumber of coconuts\text{Cost Price per coconut (CP)} = \frac{\text{Total Cost Price}}{\text{Number of coconuts}} CP=GH¢180.00225=GH¢0.80\text{CP} = \frac{\text{GH¢}180.00}{225} = \text{GH¢}0.80

Step 2: Calculate the selling price per coconut for the first batch (initial selling price).
Three-fifth of the coconuts were sold at a profit of 40%.
Number of coconuts in the first batch:

N1=35×225=3×45=135 coconutsN_1 = \frac{3}{5} \times 225 = 3 \times 45 = 135 \text{ coconuts}

Selling Price per coconut for the first batch (SP1SP_1):

SP1=CP×(1+Profit Percentage)SP_1 = \text{CP} \times (1 + \text{Profit Percentage}) SP1=GH¢0.80×(1+0.40)=GH¢0.80×1.40=GH¢1.12SP_1 = \text{GH¢}0.80 \times (1 + 0.40) = \text{GH¢}0.80 \times 1.40 = \text{GH¢}1.12

This SP1SP_1 is the "initial selling price" mentioned in the problem.

Part a· 1 step

new selling price per coconut

  1. Calculate the new selling price per coconut for the remaining coconuts.

    The rest of the coconuts were sold at 75% of the initial selling price (SP1SP_1).
    Number of remaining coconuts (N2N_2):

    N2=225−135=90 coconutsN_2 = 225 - 135 = 90 \text{ coconuts}

    New selling price per coconut (SP2SP_2):

    SP2=0.75×SP1SP_2 = 0.75 \times SP_1 SP2=0.75×GH¢1.12=GH¢0.84SP_2 = 0.75 \times \text{GH¢}1.12 = \text{GH¢}0.84

    The new selling price per coconut is GH¢0.84\boxed{\text{GH¢}0.84}.

Part b

26%26\%

percentage profit on the whole transaction

  1. Calculate the total revenue from both batches.

    Revenue from the first batch:

    Revenue1=N1×SP1=135×GH¢1.12=GH¢151.20\text{Revenue}_1 = N_1 \times SP_1 = 135 \times \text{GH¢}1.12 = \text{GH¢}151.20

    Revenue from the second batch:

    Revenue2=N2×SP2=90×GH¢0.84=GH¢75.60\text{Revenue}_2 = N_2 \times SP_2 = 90 \times \text{GH¢}0.84 = \text{GH¢}75.60

    Total Revenue (SPtotalSP_{total}):

    SPtotal=Revenue1+Revenue2=GH¢151.20+GH¢75.60=GH¢226.80SP_{total} = \text{Revenue}_1 + \text{Revenue}_2 = \text{GH¢}151.20 + \text{GH¢}75.60 = \text{GH¢}226.80
  2. Calculate the total profit.

    Total Profit=SPtotal−Total Cost Price\text{Total Profit} = SP_{total} - \text{Total Cost Price} Total Profit=GH¢226.80−GH¢180.00=GH¢46.80\text{Total Profit} = \text{GH¢}226.80 - \text{GH¢}180.00 = \text{GH¢}46.80
  3. Calculate the percentage profit on the whole transaction.

    Percentage Profit=Total ProfitTotal Cost Price×100%\text{Percentage Profit} = \frac{\text{Total Profit}}{\text{Total Cost Price}} \times 100\% Percentage Profit=GH¢46.80GH¢180.00×100%\text{Percentage Profit} = \frac{\text{GH¢}46.80}{\text{GH¢}180.00} \times 100\% Percentage Profit=0.26×100%=26%\text{Percentage Profit} = 0.26 \times 100\% = 26\%

    The percentage profit on the whole transaction is 26%\boxed{26\%}.

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