Concept explainers
To determine the selling price of each recorder.
Answer to Problem 9P
Explanation of Solution
Given:
An audio outlet purchased
They gave away
They sold rest of the cassettes at twice their purchase price.
The made a profit of
Calculation:
The number of one cent stamp is
Let,
The purchase price of each cassettes recorders is x dollars.
Total purchase price:
Then, the selling price of each cassettes recorder will be
Total selling price:
The profit = The selling price − The purchase price
According to the problem,
Hence, the selling price is twice of the purchase price:
Conclusion:
Therefore, the required selling price of each cassettes recorders is
Chapter 3 Solutions
Algebra: Structure And Method, Book 1
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