p115 (62) I buy 208 apples at 16 for 1s. 8d. and 280 at 14 for 1s. 3d. After 12½% have gone bad I sell the remainder at 1½d. each. What do I gain? What is my percentage gain? (Ans. correct to the nearest whole number).
From this and other problems, I gather that the current retailer's rule of pricing to make 50% profit was not current in those days. Either that, or the CB's were trying to promote the expectation of a moderate return in future entrpreneurs.
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It looks like you propose to sell the remaining 427 apples at 12denari=1s per apple and that's a wopping profit as far as I can tell, but I never could do arithmetic well.
208*1.67s/16+280*1.25s/14=46.71s
I'm afraid there is some bug in the handling of the HTML in the original post. I type ½ to get the 'half' symbol, and it looks fine when I preview, but it seems to come out as the raw HTML in some views.
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