drive at Php 320 is equal to 7/5th of the profit obtained by selling the same flash drive at Php 300. What is the cost price of the watch?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 10MC
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5. Profit obtained by selling a flash drive at Php 320 is equal to 7/5th of the profit obtained by selling the same flash drive at Php 300. What is the cost price of the watch?

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