A farm was offered for sale at 350% above cost. The farm was finally sold for $330

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A farm was offered for sale at 350% above cost. The farm was finally sold for $330 000, at
8 1/3% below the asking price
(a) What was the original cost of the farm to the owner?
(b) How much gain did the owner realize?
(c) What percent of the original cost does this gain represent?
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Related Book For  book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

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

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