This seems simple, but I'm struggling to find the answer...
How much should I sell my apple for if I want to achieve the desired profit?
- Cost for me to buy the apple (A) = £10
- Desired profit (B) = £3
- Final customer price fee (C) = 10%
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Eurig Jones
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1what is final customer price fee? – Asinomás Dec 14 '13 at 19:59
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What does "customer price fee" mean? What must be paid to whoever sells the puter? – DonAntonio Dec 14 '13 at 20:01
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The fee I have to pay to sell the item. This fee is based on the amount the customer pays for the item. In this example it is 10%. This eats into the potential profit. – Eurig Jones Dec 14 '13 at 20:01
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$x = $ selling price.
$$10 + 3 + 0.10 \times x = x \iff 0.9 x = 13 \iff x = \dfrac {13}{0.9} \approx £\, 14.44$$
amWhy
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See above: You have one variable, which appears in an equation: one equation, one unknown. Gather all terms with $x$ to one side, all constants remain on one side: $$10 + 3 + 0.10 \times x = 1\cdot x \iff 10 + 3 + 0.10 x - 0.10 x = 1\cdot x - 0.10 x \iff (1-0.1) x = 13 \iff 0.9 x = 13 \cdots$$ – amWhy Dec 14 '13 at 20:09
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This's the first time I see the symbol £ on my keyboard. I never used it before;-)+1 – Dec 14 '13 at 21:55
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