SOLUTION: The audio outlet purchased 60 cassette recorders, gave away three in a contest, and sold the rest of at twice their purchase price. If the store's total profit was $1188, how much
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: The audio outlet purchased 60 cassette recorders, gave away three in a contest, and sold the rest of at twice their purchase price. If the store's total profit was $1188, how much
Log On
Question 235795: The audio outlet purchased 60 cassette recorders, gave away three in a contest, and sold the rest of at twice their purchase price. If the store's total profit was $1188, how much did the store sell each recorder for Answer by nyc_function(2741) (Show Source):
You can put this solution on YOUR website! 60 - 3 = 57
1188/57 = $20.84
If you're looking for the original purchase price, you'd just divide by 2.
Each cassette was sold for $20.84 cents.
THE PROVE:
57 cassettes at $20.84 each = $1187.88, which can be rounded to the nearest unit to become $1188 (the profit made by the store).
