what indication would u use to compromise the problem
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Tagged as: $2500, Investment, made, original, Price, profit, Selling, stocks
{ 4 comments… read them below or add one }
$2293.58
I would just set up a couple of equations.
Profit = 9% of $2500 or P = .09(2500)
Original Price = $2500 – Profit or OP = 2500 – P
Solve the first equation for P and then the second for OP or use substitution like this:
OP = 2500 – [0.09(2500)]
OP = 2500 – (225)
OP = 2225
My kid in 7th grade is learning this part of math.
P*1.09 = 2500
where P is the purchase amount.
P=2293.58
$2,500 / 1.09