Answer:
?
Step-by-step explanation:
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The best and most correct answer among the choices provided by the question is </span><span>A. Between 0.05 and 0.01 </span> .
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Hope my answer would be a great help for you. </span>
First, find how much he paid by tire.
To do so, divide what he paid by how many tires he bought like this :
240$ / 12 = 20$ per tire
Then, calculate how much he sells each tire.
To do so, start by calculating how much he paid for 3 tires:
20$ x 3 = 60$
This is the price he sells 2 tires for, therefore :
60$ / 2 = 30$
he sells his tires 30$ each.
Finally, you have to calculate the profit he made by selling 12.
We already know how much it cost, so you need to find how much money he gets selling them :
12 tires x 30$ = 360$
To find the profit, take off the amount he paid from the amount he made :
360$ - 240$ = 120$
There you go!
$1.08
you would multiply your cost (1.00) by 8% which is equivalent to .08 and then add to to the original cost. or to skip the middle step just multiply it by 1.08 since you are adding the 8% to 100% of the original cost
