SOLUTION: a shop owner buys 300 loaves of bread at R480 per hundred. he decides to donate one sixth of the loaves to a charity for homeless people. At what price per loaf P must he sell the

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Question 919334: a shop owner buys 300 loaves of bread at R480 per hundred. he decides to donate one sixth of the loaves to a charity for homeless people. At what price per loaf P must he sell the remaining loaves so that he neither gains nor loses any money
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Originally paid R1440 3%2A480 for the Bread. (5/6)300 = 250 Loafs left
250P - 1440 = 0 (neither gains nor loses)
(250)P = 1440
P = 1440/250 = R5.76 per loaf