To calculate how many paperclips Ravi should sell for $1 to make a 20% profit, follow these steps:

1. First, determine the cost of each paperclip. Ravi bought 6 paperclips for $1, so each paperclip costs $1/6 = $0.1667.

2. Next, calculate the price Ravi should sell each paperclip at to make a 20% profit. A 20% profit means he should sell each paperclip for 120% of its cost, so $0.1667 * 1.2 = $0.20.

3. Finally, determine how many paperclips Ravi should sell for $1. Since each paperclip should be sold for $0.20, Ravi should sell $1/$0.20 = 5 paperclips for $1 to make a 20% profit.

Question

To calculate how many paperclips Ravi should sell for $1 to make a 20% profit, follow these steps:

1. First, determine the cost of each paperclip. Ravi bought 6 paperclips for $1, so each paperclip costs $1/6 = $0.1667.

2. Next, calculate the price Ravi should sell each paperclip at to make a 20% profit. A 20% profit means he should sell each paperclip for 120% of its cost, so $0.1667 * 1.2 = $0.20.

3. Finally, determine how many paperclips Ravi should sell for $1. Since each paperclip should be sold for $0.20, Ravi should sell $1/$0.20 = 5 paperclips for $1 to make a 20% profit.

Knowee AI · Accepted Answer

To calculate how many paperclips Ravi should sell for $1 to make a 20% profit, follow these steps:

1. First, determine the cost of each paperclip. Ravi bought 6 paperclips for $1, so each paperclip costs $1/6 = $0.1667.

2. Next, calculate the price Ravi should sell each paperclip at to make a 20% profit. A 20% profit means he should sell each paperclip for 120% of its cost, so $0.1667 * 1.2 = $0.20.

3. Finally, determine how many paperclips Ravi should sell for $1. Since each paperclip should be sold for $0.20, Ravi should sell $1/$0.20 = 5 paperclips for $1 to make a 20% profit.

Ravi bought 6 paperclips for $1. To make a profit of 20%, how many should he sell for $1?51037

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