Solution: What price should the book be sold so that, giving a 20% discount, the profit is 30%?

A bookstore purchased a bestselling price book at P200.00 per copy. At what price should this book be sold so that, giving a 20% discount, the profit is 30%?

What price should the book be sold so that, giving a 20% discount, the profit is 30%?

Problem Statement: EE Board March 1998

A bookstore purchased a bestselling price book at P200.00 per copy. At what price should this book be sold so that, giving a 20% discount, the profit is 30%?

Problem Answer:

The price of the book should be P 357.14.

Solution:

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