Anyone good in financial math?

Kendall

New member
Maritime Cellular purchases a Blackberry smart phone model for $395 less trade discounts of 20% and 10%. Maritime's overhead expenses are $59 per unit.

What should be the selling price to generate a profit of $40 per phone?


These are the formulas that I'm suppose to use : S= C + M and M = E + P
The answer to the question is suppose to be $383.40
 
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