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?

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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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Question Posted: Feb 26, 2016 03:23 AM

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

Question:

Step by Step Answer:

a Let the asking price be x 91 23 of x 330 000 1112 x 33...View the full answer

Contemporary Business Mathematics with Canadian Applications

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