Problema Solution
mr.nocon a shop owner bought 30 second hand automobile tires for 57600 he sold 1/5 of them at 95.50 each and 1/5 of them at 100.75. how much must he sell each of the remaining tires in order to realize gross profit of 6500 on the hole transaction?
Answer provided by our tutors
let 'x' represent the cost that the remaining tires are sold by
1/5 of 30 tires is 6
95.50*6 + 100.75*6 + (30 - 2*6)x = 57600 + 6500
by solving we find
x = $3,495.69
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he must sell the remaining tires by $3,495.69 each to realize gross profit of 6500.