Given problem: A farmer selling eggs at 57.84 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 0.133, how much will be his new gain in percent?

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
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Given problem:

A farmer selling eggs at 57.84 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 0.133, how much will be his new gain in percent?

 

>Answer in 4 decimal places. Use knowledge about annuities in solving. Thank you.

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