Find the selling price of an item which has a cost price of $15.61 and is sold at a loss of 371/2 %  Ans $9.76

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Find the selling price of an item which has a cost price of $15.61 and is sold at a loss of 371/2 %  Ans $9.76

The government borrowed a certain amount of money to build a new bridge. It pays interest at a rate of 12%. If the yearly repayments are $320,000, calculate the amount borrowed. 

 

  1. A potter finds he takes 5 hours to produce 8 vases. If he continues to work at the same rate , find:
  2. How long it will take him to make 20 vases   

How complete vases can be made in 24 hours

  1. Two brothers aged 15 and 10 years are given $3000 to be divided between them in the ratio of their ages. How much does each receive? 

 

  1. If the cost of an article is $104 and its selling price is $120. Find the percentage profit.   

  

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