Perishables: What price per pound should Alvin charge for the tomatoes?

[CCaldwell]

Alvin Rose owns a fruit and vegetable stand. He knows that he cannot sell all his produce at full price. Some of his produce will be markdowns, and he will throw out some produce. Alvin must put a high enough price on the produce to cover markdowns and rotted produce and still make his desired profit. Alvin bought 300 pounds of tomatoes at 14 cents per pound. He expects a 5% spoilage and marks up tomatoes 60% on cost. What price per pound should Alvin charge for the tomatoes? (Round to the nearest cent and include a $).

Help please!!

 

[Deleted member 4993]

Alvin Rose owns a fruit and vegetable stand. He knows that he cannot sell all his produce at full price. Some of his produce will be markdowns, and he will throw out some produce. Alvin must put a high enough price on the produce to cover markdowns and rotted produce and still make his desired profit. Alvin bought 300 pounds of tomatoes at 14 cents per pound. He expects a 5% spoilage and marks up tomatoes 60% on cost. What price per pound should Alvin charge for the tomatoes? (Round to the nearest cent and include a $).

Help please!!

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[CCaldwell]

Perishables

Thanks Dennis! I got it!