Textbook Problem

Set up and solve equations for the following business situations.

Do It Best Hardware is offering a 140-piece mechanic’s tool set plus a $65 tool chest for $226. What is the cost per tool?

Do it Best Corp. engages in the wholesale distribution of hardware, lumber, builder supplies, and related products. The company is a member- owned cooperative and is guided by the members of the board of directors. This group is entirely composed of and elected by Do it Best Corp. stockholders—those hardware, lumber, and home center store owners who make up the 4,100 member-retailers in the United States and in 45 countries around the world.

Sources: www.doltbestcorp.com and www.businessweek.com