Gerry the grocer wants to make a 40% profit on the vegetables he sells. He bought a 50kg bag of potatoes for £36 which he the repacked into 5kg bags. For how much will Gerry need to sell each bag?

Question

I want a 40% profit on the veg I sell. I bought 50kg bag of veg for £36 I then repacked them into 5kg bags. How much will i sell each bag for?

Answer 1

To make a 40% profit he must sell the entire 50kg for 36+(40% of 36)=36+14.40=£50.40. So each 5kg bag he should sell for 50.40/10=£5.04.