SOLUTION: Rita sells a calculator to Gabriel at 17% gain. Gabriel sold at 1842.75 to Stanley at a loss of 25%. How much did Rita pay for the calculator?

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Question 1121496: Rita sells a calculator to Gabriel at 17% gain. Gabriel sold at 1842.75 to Stanley at a loss of 25%. How much did Rita pay for the calculator?
Answer by greenestamps(13216) About Me  (Show Source):
You can put this solution on YOUR website!


17% gain --> price changes by a factor of 1+0.17 = 1.17

25% LOSS --> price changes by a factor of 1-0.25 = 0.75

The original price x, after a 17% gain and a 25% loss, was 1842.75:

%28x%29%281.17%29%280.75%29+=+1842.75

x+=+1842.75%2F%281.17%2A0.75%29

Use a calculator....