SOLUTION: Shop keeper M sells some goods to N makes a profit of 15%. N resells to P at loss of 5%. If P pays dollar 13.11 how much did M pay for the good?

SOLUTION: Shop keeper M sells some goods to N makes a profit of 15%. N resells to P at loss of 5%. If P pays dollar 13.11 how much did M pay for the good?

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Question 1150856: Shop keeper M sells some goods to N makes a profit of 15%. N resells to P at loss of 5%. If P pays dollar 13.11 how much did M pay for the good?
Answer by josgarithmetic(39630) (Show Source): You can put this solution on YOUR website!
v, original price which M paid before selling

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What is 1.15?
It is 15% more than 1.00.
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