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3 years ago

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Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $41 to you. One of you

r close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $91 . How much total value was created from this trade?

1 answer:

crimeas [40]3 years ago

4 0

Value of the bike = $41

Value of the bike for buyer = $70

Bike value buyer thinks = $97

Solution:

Value for bicycle owner: $70 - $43 = $27<span>
Value for buyer: $97 - $70 = $27
<span>Total value: $27 * 2 = $54</span></span>

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Answer:

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Explanation:

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3 years ago

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Answer:

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