A farm was offered for sale at 320% above cost. The farm was finally sold for $770

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A farm was offered for sale at 320% above cost. The farm was finally sold for $770 000, 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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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:02 AM

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A farm was offered for sale at 320% above cost. The farm was finally sold for $770

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a The original cost of the farm to the owner was 185000 b The o...View the full answer

Contemporary Business Mathematics With Canadian Applications

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