:) Nigel bought 12 boxes of melons. He paid $15 for each box. There were 12 melons in each box. 3 Nigel sold of the melons for $1.60 each. 4 He sold all the other melons at a reduced price. He made an overall profit of 15% Work out how much Nigel sold each reduced price melon for.
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Answer:
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Step-by-step explanation:
Let's break it down:
1. Nigel bought 12 boxes of melons at $15 each, so the total cost is \(12 \times 15\).
2. He sold 3 melons for $1.60 each, so the revenue from these is \(3 \times 1.60\).
3. The overall profit is 15%, so the profit is \(0.15 \times \text{{Total Cost}}\).
Now, find the total revenue from selling the other melons by subtracting the revenue from the 3 melons sold from the total revenue. Then, divide by the number of remaining melons to find the reduced price per melon.