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A farmer produced 750 bushels of a certain crop at a cost of [#permalink]
19 Nov 2008, 19:18
A farmer produced 750 bushels of a certain crop at a cost of $20 per bushel. If the farmer sold 2/3 of the bushels for double their production cost and sold the remaining bushels at 25 percent above their production cost, what was the farmer’s gross profit on the sale of the crop? A. $11250 B. $13375 C. $15000 D. $18750 E. $26250