SOLUTION: The audio outlet purchased 60 cassette recorders,gave three away in a contest,and sold the rest at twice their purchase price. If the stores profit was $1188,how much did the store

Question 508236: The audio outlet purchased 60 cassette recorders,gave three away in a contest,and sold the rest at twice their purchase price. If the stores profit was $1188,how much did the store sell each recorder for?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The audio outlet purchased 60 cassette recorders,gave three away in a contest,and sold the rest at twice their purchase price. If the stores profit was $1188,how much did the store sell each recorder for?
----
60 bought
57 sold
---
Let "x" be the original buying price
Original purchase cost: 60x
---
Selling Revenue: 57*(2x) = 114x
---
Profit = Revenue -Cost
---
1188 = 114x - 60x
54x = 1188
x = $22.00 (original cost)
Selling price: 2x = $44.00
==========================
Cheers,
Stan H.
========
RELATED QUESTIONS
The Audio Outlet purchased 60 cassette recorders, gave away three in a contest, and sold... (answered by ankor@dixie-net.com)

The audio outlet purchased 60 cassette recorders, gave away three in a contest, and sold... (answered by nyc_function)

the audio outlet purchased 60 cassette recorders, gave away 3 in a contest, and sold the... (answered by ccs2011)

The audio outlet purchased 60 cassette recorders, gave away three, and sold the rest at... (answered by greenestamps)

Hi, can you please help me with this word problem?? The Audio Outlet purchased 60... (answered by vertciel,edjones)

how do I set up and solve this problem we purchased 60 units and gave away three and... (answered by ankor@dixie-net.com)

The Flicks Video Store bought several VCRs. Each recorder cost them $220. They gave... (answered by ilana)

7 audio cassettes and 3 video cassettes cost rs 1110,while 5 audio cassettes and 4 video... (answered by mananth)

1. 302 car stereos were recently sold in a car audio store. 149 had a CD player, 116 had (answered by Boreal)