A store owner bought 28 swimming caps for P 2, 436.00. He sold 3/14 of them at P 100.00 each and 5/14 of thern at P 125.00 each. How much must he sell each of the remaining caps in order to realize a gross profit of 2/5 of the total cost of the caps?
A store owner bought 28 swimming caps for P 2, 436.00. He sold 3/14 of them at P 100.00 each and 5/14 of thern at P 125.00 each. How much must he sell each of the remaining caps in order to realize a gross profit of 2/5 of the total cost of the caps?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...
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Question
![A store owner bought 28 swimming caps
for P 2, 436.00. He sold 3/14 of them at P
100.00 each and 5/14 of
thern at P 125.00 each. How much must he
sell each of the remaining caps in order to
realize a gross profit of
2/5 of the total cost of the caps?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97cca420-beba-4d95-88ed-4c444370cc13%2Fef988921-052b-47a2-8f0e-1c5b4f386ed8%2Ffox13y_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A store owner bought 28 swimming caps
for P 2, 436.00. He sold 3/14 of them at P
100.00 each and 5/14 of
thern at P 125.00 each. How much must he
sell each of the remaining caps in order to
realize a gross profit of
2/5 of the total cost of the caps?
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