Brazil exports the most coffee in the world. It cost approximately $2.55 to produce a pound of coffee; they want to make a profit of 300% for each pound. Also, the U. S. charges a 20% Tariff for each pound that is imported. How much would a pound of coffee cost in the U. S? Show All Work.

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Mathematics

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20 August, 02:43

Brazil exports the most coffee in the world. It cost approximately $2.55 to produce a pound of coffee; they want to make a profit of 300% for each pound. Also, the U. S. charges a 20% Tariff for each pound that is imported. How much would a pound of coffee cost in the U. S? Show All Work.

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Laurel Haley · Answer 1

A Pound of coffee cost in US will be $10.71

Step-by-step explanation:

Given Brazil exports the most coffee in the world. It cost approximately $2.55 to produce a pound of coffee. Also, the U. S. charges a 20% Tariff for each pound that is imported.

we have to find cost of a pound of coffee in US in order to earn a profit of 300% for each pound.

Hence, cost for each pound in US is calculates as

= (Cost + Profit + Charge) per pound

= Cost to produce + 300% of (Cost to produce) + 20% of (Cost to produce)

= $2.55 + 3 (2.55) + 0.2 (2.55)

= $10.71