Math Problem Statement
How much should a food manufacturer sell pound of canned meat if his cost is P30 per can and he wants to make a 20% profit on the selling price for after giving away an 8% discount?
Solution
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Math Problem Analysis
Mathematical Concepts
Profit Margin Calculation
Discount Calculation
Formulas
Cost Price = (1 - Profit Margin) * Selling Price
Theorems
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Suitable Grade Level
Adult Learners
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