Question
A store owner ordered 25 calculators that cost $30 each. He can sell each calculator for $35 each. He sold 22. And had to return
A store owner ordered 25 calculators that cost $30 each. He can sell each calculator for $35 each. He sold 22. And had to return 3 calculators and pay $2 for each returned. What's his profit? Explain.
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
