Kayode bought 50 oranges for 60k. If he sells them all in group of five, for how much should he sell in order to make 50% profit?
Kayode bought 50 oranges for 60k, so the cost per orange is 60k/50 = <<60000/50=1200>>1200.
To make a 50% profit, Kayode needs to sell each orange for 1200 + (50/100)*1200 = 1200 + 600 = <<1200+(50/100)*1200=1800>>1800
Since he is selling them in groups of five, he should sell each group for 1800*5 = <<1800*5=9000>>9000. Answer: \boxed{9,000}.
To find out how much Kayode should sell the oranges for in order to make a 50% profit, we first need to determine the cost price of each orange.
To do this, we divide the total amount paid for the oranges by the number of oranges purchased:
Cost price per orange = Total cost / Number of oranges = 60,000 / 50 = 1,200 Naira.
Next, we need to calculate the desired profit amount per orange, which is equal to 50% of the cost price:
Profit per orange = 50% of cost price = 0.5 * 1,200 = 600 Naira.
Finally, we add the desired profit per orange to the cost price to find the selling price per orange:
Selling price per orange = Cost price + Profit per orange = 1,200 + 600 = 1,800 Naira.
Therefore, Kayode should sell each group of five oranges for 1,800 Naira in order to make a 50% profit.
To calculate the selling price needed to make a 50% profit, we need to determine the cost price per orange.
Kayode bought 50 oranges for 60k, so the cost price per orange is:
Cost Price per orange = Total Cost / Number of Oranges
Cost Price per orange = 60k / 50
Cost Price per orange = 1200
Now, let's calculate the selling price per group of five:
Selling Price per group of five = Cost Price per orange * Number of Oranges in group
Selling Price per group of five = 1200 * 5
Selling Price per group of five = 6000
To make a 50% profit, the selling price needs to be 50% more than the cost price. Therefore:
Selling Price = Cost Price + (Profit Percentage * Cost Price)
Selling Price = 1200 + (0.5 * 1200)
Selling Price = 1200 + 600
Selling Price = 1800
So, Kayode should sell each group of five oranges for 1800 in order to make a profit of 50%.