Home > CC2 > Chapter 9 > Lesson 9.1.3 > Problem9-48

9-48.

Leonard has purchased packages of grid paper for $2.25. If he wants to make a 40% profit on each package he sells to his classmates, by how much should he increase the price? What will the new price be? Homework Help ✎ If Leonard wants to make a 40% profit on each package, he needs to sell each package at 140% of the original cost. Since the new price is 140% of the original cost,$2.25, how much is the increase and what would the new price be?

Increase: $0.90 New Price:$3.15