A marina listed a yacht at 33 1/3% above cost. At the end of the season, the

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A marina listed a yacht at 33 1/3% above cost. At the end of the season, the list price was reduced by 22.5% and the yacht was sold for $15 500. What was the cost of the yacht to the marina?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:23 AM

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A marina listed a yacht at 33 1/3% above cost. At the end of the season, the

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Contemporary Business Mathematics with Canadian Applications

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