SOLUTION: Albert buys and sells books, and always purchase it at the same price. He then sells the books for $5 more than what he paid for. Two months before, he broke even after buying 56 b
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Question 331277: Albert buys and sells books, and always purchase it at the same price. He then sells the books for $5 more than what he paid for. Two months before, he broke even after buying 56 books and selling 49. What is his buying price and selling price? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! Albert buys and sells books, and always purchase it at the same price.
He then sells the books for $5 more than what he paid for.
Two months before, he broke even after buying 56 books and selling 49.
What is his buying price and selling price?
:
Let x = the buying price
and
(x+5) = the selling price
:
56x = 49(x+5)
56x = 49x + 245
56x - 49x = 245
7x = 245
x =
x = $35 is the buying price
obviously
35 + 5 = $40 is the selling price
:
:
Check solution
56(35) = 1960
49(40) = 1960
