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Answers
A
B
C
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E
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Difficulty—
Michael bought \(12\) concert tickets, each at the same price. Later, he resold all \(12\) tickets for the same higher price per ticket and paid t percent tax on the profit from the resale. After paying the tax, what was Michael’s net profit from the resale?
1. The resale price per ticket was \(40\) dollars more than the purchase price per ticket.
2. If the tax rate had been \(15\) percentage points higher, then Michael’s net profit would have been \(360\) dollars
OA C
1. The resale price per ticket was \(40\) dollars more than the purchase price per ticket.
2. If the tax rate had been \(15\) percentage points higher, then Michael’s net profit would have been \(360\) dollars
OA C
