SOLUTION: 1)Shop keeper M sells some goods to N and makes a profit 15% N resells to p at a loss of 5%. If p pays dollar 13.11 how much did M pay for the
goods
2) a profit 24% was made whe
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-> SOLUTION: 1)Shop keeper M sells some goods to N and makes a profit 15% N resells to p at a loss of 5%. If p pays dollar 13.11 how much did M pay for the
goods
2) a profit 24% was made whe
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Question 1150850: 1)Shop keeper M sells some goods to N and makes a profit 15% N resells to p at a loss of 5%. If p pays dollar 13.11 how much did M pay for the
goods
2) a profit 24% was made when a book was sold for dollar 34.10, find the selling price that would have given a profit 28%. Found 2 solutions by MathLover1, MathTherapy:Answer by MathLover1(20849) (Show Source):
You can put this solution on YOUR website! 1)Shop keeper M sells some goods to N and makes a profit 15% N resells to p at a loss of 5%. If p pays dollar 13.11 how much did M pay for the
goods
2) a profit 24% was made when a book was sold for dollar 34.10, find the selling price that would have given a profit 28%.
1)
Let cost to M be C
After M sells the goods to N at a 15% profit, N paid (1 + .15)C = 1.15C
After N sells the goods to P at a 5% loss, P paid (1 - .05)1.15C = .95(1.15C) = 1.0925C
Since P paid $13.11, then we can say that: 1.0925C = 13.11
Cost to M, or 2)
After being sold at a 24% gain, for $34.10, a selling price (P) would yield a 28% profit by using the following PROPORTION:
1.24P = 1.28(34.1) ------- Cross-multiplying
Selling price in order to realize a 28% profit, or