Question
A store owner bought 28 swimming caps for P 2, 436.00. He sold 3/14 of them at P 100.00 each and 5/14 of them at
A store owner bought 28 swimming caps for P 2, 436.00. He sold 3/14 of them at P 100.00 each and 5/14 of them at P 125.00 each. How much must he sell each of the remaining caps in order to realize a gross profit of 2/5 of the total cost of the caps?
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An Elementary Introduction To Mathematical Finance
Authors: Sheldon M Ross
3rd Edition
1139065106, 9781139065108
