Question
Mr. Nocon , a shop owner bought 670 second-hand automobile tires for P 157 600. He sold 1/5 of them at P 95.50 each and
Mr. Nocon , a shop owner bought 670 second-hand automobile tires for P 157 600. He sold 1/5 of them at P 95.50 each and 1/4 of them at P100.75 each. How much must he sell each of the remaining tires in order to realize a gross profit of P 6 500 on the whole transaction?
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An Elementary Introduction To Mathematical Finance
Authors: Sheldon M Ross
3rd Edition
1139065106, 9781139065108
