A man bought 10 crates of mangoes for $160 total. If he lost 2 of the crates, at what price would he have to sell each of the remaining crates in order to earn a total profit of 25 percent of the total cost?
Options:
A) $35
B) $25
C) $45
D) $50
E) $55
As given, after lost, the remaining 8 crates total cost = $160   So, 1 crate cost = 160/8= 
<gadget id="calculator">160/8</gadget>
<output>20</output>
20   To get 25% profit, 1 crate cost should be= 20+20*25/100= 
<gadget id="calculator">20+20*25/100</gadget>
<output>25</output>
$25   Answer : $25
<result>B</result>
A man bought 10 crates of mangoes for $160 total. If he lost 2 of the crates, at what price would he have to sell each of the remaining crates in order to earn a total profit of 25 percent of the total cost?