A man bought 500 mangoes and found 1/4 of them rotten .If he sold the rest of mangoes at 3.36 each making 12% profit ,what was the cost price of each mango?

The cost price of each mango was $3

Step-by-step explanation:

The man bought 500 mangoes, but 1/4 of them were rotten. There were 1/4*500 = 125 rotten mangoes, thus the number of mangoes he sold is

500 - 125 = 375 mangoes

Selling them at $3.36 each, he had revenue of

375*3.36=$1,260

That amount includes the 12% profit, that is, it's 112% of the cost price, thus the cost price of all mangoes is

1,260 / 112 * 100 = $1,125

The price of each mango was $1,125 / 375 = $3

The cost price of each mango was $3

answer: do you still need this?

$20.01

step-by-step explanation:

the sale price is (1.00 - 0.77)($87), or 0.23($87), or $20.01.