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?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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?       Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
v, original price which M paid before selling

1.15v-0.05%2A1.15v=13.11
v%281.15-0.05%2A1.15%29=13.11
v=13.11%2F%281.15%281-0.05%29%29
highlight%28v=12%29


---
---

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