I need help with this math problem...

[Placer14]

Assume the following.

I have 10 apples and 10 oranges that came in a fruit basket. I paid $15 for the fruit basket and I could buy more apples @ 5 for $2 and more oranges @ 5 for $3. Assuming no relationship between the total price of the basket and the prices of the extra fruit, how can i find unit cost per apple and per orange in the original basket? Doesn't have to be exact, but should be as close to the unit cost of the extra fruit (and relationship betwee then cost of apples to oranges) as possible. Thanks for any ideas, i'm stumped here.

I'm trying to figure this out so when I see these "apples" and "oranges" back I know more specifically what profit i'm gettin back. I dont' know how to figure this either. Any help would be apprecaited. 🙂

 

[charliebrown]

Oranges cost 1.5x apples - so the cost of the original basket contents is:
Apples - $6
Oranges - $9

So the original basket contents cost you:
Apples 60 cents ea.
Oranges 90 cents ea.

 

[XZeroII]

$.75 each. You said "Assuming no relationship between the total price of the basket and the prices of the extra fruit", so you get 20 pieces of fruit for $15, which equals $.75 per item of fruit.

 

[Placer14]

Those random number came out WAY to perfectly...assume they don't match you like they did...how would you guestimate between the two. Assume I paid something like $8 for the basket and the guy selling th extra fruit was rippin you off. How would you figure cost then.

 

[Kev]

Originally posted by: XZeroII
$.75 each. You said "Assuming no relationship between the total price of the basket and the prices of the extra fruit", so you get 20 pieces of fruit for $15, which equals $.75 per item of fruit.

Yeah that's what I would say. The prices of buying them separately would have no impact on the price of the ones in the basket, so charliebrown would be wrong.

 

[Kev]

Originally posted by: Placer14
Those random number came out WAY to perfectly...assume they don't match you like they did...how would you guestimate between the two. Assume I paid something like $8 for the basket and the guy selling th extra fruit was rippin you off. How would you figure cost then.

I have no idea what you just said. 😕

 

[Placer14]

Originally posted by: maladroit

Originally posted by: XZeroII
$.75 each. You said "Assuming no relationship between the total price of the basket and the prices of the extra fruit", so you get 20 pieces of fruit for $15, which equals $.75 per item of fruit.

Yeah that's what I would say. The prices of buying them separately would have no impact on the price of the ones in the basket, so charliebrown would be wrong.

Okay....individual price would easily be 20 pieces of fruit at $8 total... You plan on buying more fruit to sell again so if you said each fruit was $.40 ($8/20) regardless of if it was an apple or an orange you would lose money on the more expensive fruit (oranges) if you sold more of it at the original unit price. You know what....why not just sell the items at unit cost that you would pay for the extra fruit.

I'm sorry this makes no sense, this is just REALLY hard to word properly. Any other thoughts are welcome. 🙂