Percentages involving Finances: Profit and Loss

Percentages involving Finances: Profit and Loss

TGM Original Questions

A farmer has \(3200\) watermelons to be sold at \(\$4.50\) each. If \(5\%\) of the watermelons were found to be overripe and unsellable, and the farmer managed to make a \(30\%\) profit in total, find the cost price per watermelon.

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Answer:\(\$3.29\)

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