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# Three pounds of raisins and 4 pounds of corn flakes are used to make a

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Three pounds of raisins and 4 pounds of corn flakes are used to make a  [#permalink]

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18 Jan 2017, 05:34
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Difficulty:

25% (medium)

Question Stats:

76% (02:04) correct 24% (02:22) wrong based on 144 sessions

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Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost $1.11 per pound and flakes cost$0.90 per pound. What must the grocer charge for a pound of the cereal to make a profit of $0.21 per pound? A.$0.99
B. $1.00 C.$1.07
D. $1.20 E.$1.21

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Three pounds of raisins and 4 pounds of corn flakes are used to make a  [#permalink]

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18 Jan 2017, 06:21
Three pounds of raisins and 4 pounds of corn flakes are used to make a cereal of 7 pounds.
Thus we have, 3 * $1.11 + 4 *$0.90 = $6.93 (for 7 pounds of cereals) Price of 1 pound of cereal =$6.93/7 = $0.99 To make a profit of$0.21 per pound the selling price of the cereal per pound must be $0.99 +$0.21 = $1.20 Hence option D is correct. Senior Manager Joined: 24 Aug 2009 Posts: 470 Schools: Harvard, Columbia, Stern, Booth, LSB, Re: Three pounds of raisins and 4 pounds of corn flakes are used to make a [#permalink] ### Show Tags 18 Jan 2017, 06:36 Top Contributor Bunuel wrote: Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost$1.11 per pound and flakes cost $0.90 per pound. What must the grocer charge for a pound of the cereal to make a profit of$0.21 per pound?

A. $0.99 B.$1.00
C. $1.07 D.$1.20

= $$\frac{6.93}{7}$$ + 0.21 = $$\frac{8.40}{7}$$ = $1.20 = D ( Answer) Intern Joined: 12 Jun 2016 Posts: 27 Location: India Concentration: Entrepreneurship, Finance GPA: 3.76 WE: Information Technology (Computer Software) Re: Three pounds of raisins and 4 pounds of corn flakes are used to make a [#permalink] ### Show Tags 18 Jan 2017, 22:26 Total cost of 7 pound of cereal = 3*1.11 + 4 * 0.90 =$ 6.93
Cost per pound of cereal = $6.93 /7 =$ 0.99(This is cost price)
To make a profit of $0.21, the price grocer should charge =$ 0.99 + $0.21 =$ 1.20
Hence, Ans - D
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Re: Three pounds of raisins and 4 pounds of corn flakes are used to make a  [#permalink]

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23 Jan 2017, 06:17
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1
Bunuel wrote:
Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal. Raisins cost $1.11 per pound and flakes cost$0.90 per pound. What must the grocer charge for a pound of the cereal to make a profit of $0.21 per pound? A.$0.99
B. $1.00 C.$1.07
D. $1.20 E.$1.21

First we can determine the total cost to the grocer:

Cost for raisins = 3 x 1.11 = $3.33 Cost for corn flakes = 4 x 0.90 =$3.60

Total cost to grocer = $6.93 Cost per pound = 6.93/7 =$0.99

Since the grocer wants to make a profit of $0.21 per pound, he must charge: 0.99 + 0.21 =$1.20

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Re: Three pounds of raisins and 4 pounds of corn flakes are used to make a  [#permalink]

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30 Jul 2018, 22:27

Solution

Given:

• Three pounds of raisins and 4 pounds of corn flakes are used to make a large bag of breakfast cereal
• Raisins cost $1.11 per pound and flakes cost$0.90 per pound.

To find:

• The selling price per pound of the cereal to make a profit of \$0.21 per pound.

Approach and Working:

• Cost Price of 3 pounds of raisins= 3*1.11= 3.33
• Cost Price of 4 pounds of corn flakes = 4 * 0.90= 3.60

Hence, Cost price of 7-pound cereal meal= 3.33+3.60= 6.93.
• Thus, selling price = 6.93+ 0.21*7
• Selling price per pound= $$\frac{6.93}{7}+0.21$$= 0.99+0.21= 1.20

Hence, the correct answer is option D.

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Re: Three pounds of raisins and 4 pounds of corn flakes are used to make a &nbs [#permalink] 30 Jul 2018, 22:27
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