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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 92
Solve the following application problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.
KAYAK REI has an end-of-season sale, during which it sells an ocean kayak for two people for $865. If the cost was $641 and operating expenses are 28% of cost, find the amount of profit or loss.
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KAYAK REI has an end-of-season sale, during which it sells an ocean kayak for two people for $865. If the cost was $641 and operating expenses are 28% of cost, find the amount of profit or loss.
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Explanation
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Verified
It is given that the cost is $641
Since...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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