Samy wanted to save money to buy a tennis racket. In the first week, he saved 40% of the money needed for the racket. In the second week, he saved 3/4 of the remaining money he needed. By then, there was a 5% increase in the price of the racket. As a result, he was still short of $12. What was the original price of the racket?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Samy wanted to save money to buy a tennis racket. In the first week, he saved 40% of the money needed for the racket. In the second week, he saved 3/4 of the remaining money he needed. By then, there was a 5% increase in the price of the racket. As a result, he was still short of $12. What was the original price of the racket? Kuresnsnsm
1. Samy wanted to save money to buy a tennis racket. In the first week, he saved 40% of
the money needed for the racket. In the second week, he saved of the remaining
4
money he needed. By then, there was a 5% increase in the price of the racket. As a
result, he was still short of $12. What was the original price of the racket?
Transcribed Image Text:1. Samy wanted to save money to buy a tennis racket. In the first week, he saved 40% of the money needed for the racket. In the second week, he saved of the remaining 4 money he needed. By then, there was a 5% increase in the price of the racket. As a result, he was still short of $12. What was the original price of the racket?
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