Joshua bought 25 oranges for $12.50. If he sells each one for 60c, how much profit in cents will he make on each orange? Let's answer step by step:
$1 is equivalent to 100 cents so $12.50 is equivalent to 100 * 12.50 = 1250 cents. He bought 25 oranges for 1250 cents so each orange cost 1250 / 25 = 50 cents each. If he sells each orange for 60 cents, he is making a profit of 60 - 50 = 10 cents on each one. The answer: 10.