1964 AHSME Problems/Problem 14
Problem
A farmer bought sheep. He sold of them for the price paid for the sheep. The remaining sheep were sold at the same price per head as the other . Based on the cost, the percent gain on the entire transaction is:
Solution
Let us say each sheep cost dollars. The farmer paid for the sheep. He sold of them for , so each sheep sold for .
Since every sheep sold for the same price per head, and since every sheep cost and sold for , there is an increase of , or , which is option $\box{\textbf{(C)}}$ (Error compiling LaTeX. ! Missing number, treated as zero.)
See Also
1964 AHSC (Problems • Answer Key • Resources) | ||
Preceded by Problem 13 |
Followed by Problem 15 | |
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