haileygrace4346 haileygrace4346
  • 14-07-2017
  • Mathematics
contestada

A coin collector bought a set of coins for $500, and then sold the set for $850, making a profit of $50 per coin. how many coins were in the set?

Respuesta :

carlosego
carlosego carlosego
  • 12-09-2018

For this case, the first thing we must do is calculate the total profit.

We have then:

[tex] P = 850 - 500 [/tex]

[tex] P = 350 [/tex]

Then, we look for the number of coins.

For this, we need the total profit (which we already calculate) and the amount of profit per coin.

We have then:

[tex] N = \frac{350}{50} [/tex]

[tex] N = 7 [/tex]

Answer:

The amount of coins that was on the set is:

[tex] N = 7 [/tex]

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