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OpenStudy (aaronandyson):
By selling a chair for $75,Jack gained as much per cent as its cost.Calculate the cost of the chair.
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OpenStudy (unknownunknown):
Hi Aaron. So, between 0% and 100% profit, how much do you think Jack profited?
OpenStudy (aaronandyson):
@Sepeario
OpenStudy (aaronandyson):
And 75%?
OpenStudy (unknownunknown):
So $75 is the cost of the chair. If he gained as much as the cost, he would have profited 100%. This means that if the chair cost half the amount of $75, and he sold it for double the amount, the chair would have cost $75/2, which is?
OpenStudy (aaronandyson):
The thing didn't make any sense to me :(
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OpenStudy (aaronandyson):
@Sepeario
OpenStudy (aaronandyson):
Is it 50?
OpenStudy (unknownunknown):
It is 75/2 (75 divided by two)
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